TOKYO -- Japanese lenders extended $1.53 billion in syndicated loans to Indian companies in 2019, up a fifth on the year, as yield-starved banks captured booming demand for low-cost financing.
India is now the second-biggest home to so-called samurai and ninja loans, trailing only the U.S. figure of $3.47 billion, figures from Refinitiv show. The Indian scale has increased by more than 10 times since 2017.
