Outstanding buyers' credit plunges to $25 billion post PNB scam, says report
Updated : August 24, 2018 09:52 AM IST
According to data compiled by a trade finance firm buyerscredit.in, the overall outstanding buyers’ credit (OBC) stood at Rs 3.43-lakh crore ($49.4 billion) as of June 2018, compared to Rs 5.15-lakh crore ($74.21 billion) as of June 2017.
Prior to the LoU ban, the outstanding buyers’ credit was about $91 billion.
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