01855cas a2200253 a 4500 AALejournalIMF014886 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498334235 1018-5941 BD-DhAAL BD-DhAAL Lindner, Peter. Corporate Vulnerabilities in India and Banks' Loan Performance / Peter Lindner, Sung Eun Jung. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The financial performance of India's corporate sector has been under pressure since the Global Financial Crisis. Balance-sheet data on a large cross-section of Indian non-financial corporates show that the growth in their leverage over the last 15 years has been associated with a notable increase in the vulnerabilities of firms carrying high interest payment burdens. Gauged by the debt carried by the most vulnerable component of firms, the Indian corporate sector's vulnerability to severe systemic shocks has increased to levels not seen since 2001. Progress on the macroeconomic front, together with improved credit appraisals and stricter impairment standards on the bank side, will be critical to help India's banks resume their role as economic growth drivers. Mode of access: Internet Jung, Sung Eun. IMF Working Papers; Working Paper ; No. 2014/232 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/232/001.2014.issue-232-en.xml IMF e-Library