MUMBAI: Consumer cutbacks due to raging inflation and higher borrowing costs are failing to dent investment plans at Indian businesses tapping the country’s biggest lender, a sign that a recovery in Asia’s third-largest economy is gathering pace. Companies are steadily drawing down from a US$ 71bil( RM312. 4bil) loan pipeline, Dinesh Kumar Khara, chairman of State Bank of India( SBI), told Bloomberg News. Loan growth at the 216-year-old lender, a banker to one out of every three Indians, is expe
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2022-06-13 00:00:00.0