India tests Samurai loan limits

摘要

Indian borrowers are testing the depth of Japan's Samurai loan market, amid signs that a glut of deals and falling pricing are denting lenders' appetite. State-owned national hydroelectric power corp and bajaj finance, a private sector non-banking financial company, are the latest to jump onto the bandwagon with debut Samurai loans, tapping into cash-rich, yield-hungry Japanese banks. However, some of those lenders are already suffering from fatigue for Indian credits. "There are many Indian deals, so we have to prioritise," said one banker at a Japanese regional lender.