Former Sebi chairman U K Sinha on Thursday cautioned the alternatives sector about the growth in private credit, reminding that the lending is being made to a set of borrowers who are deemed to be unfit by banks.
Sinha, who demitted Sebi office in 2017 after an over six-year stint at the helm, said there is also a need to increase the support given by the venture capital funds to the growing startup ecosystem, underscoring that an economy like ours requires the support.
Making it clear that he has nothing against private credit, Sinha said he would like to advice some caution given the “rush” towards it.
“Whom are you (the industry) providing the private credit? You are providing it to people who have for some reason not been able to get the bank credit, who for some reason have been found not to be fit, to be worthy of the bank credit,” Sinha said, addressing a CII event on Alternative Investment Funds here.
The career bureaucrat-turned-regulator who is now involved with the …​Former Sebi chairman U K Sinha on Thursday cautioned the alternatives sector about the growth in private credit, reminding that the lending is being made to a set of borrowers who are deemed to be unfit by banks.
Sinha, who demitted Sebi office in 2017 after an over six-year stint at the helm, said there is also a need to increase the support given by the venture capital funds to the growing startup ecosystem, underscoring that an economy like ours requires the support.
Making it clear that he has nothing against private credit, Sinha said he would like to advice some caution given the “rush” towards it.
“Whom are you (the industry) providing the private credit? You are providing it to people who have for some reason not been able to get the bank credit, who for some reason have been found not to be fit, to be worthy of the bank credit,” Sinha said, addressing a CII event on Alternative Investment Funds here.
The career bureaucrat-turned-regulator who is now involved with the … ​Latest News [ SOBAN NEWS: International and National ]
