Why smaller companies have bigger debts2 min read . Updated: 16 Nov 2016, 08:02 AM IST
A Mint analysis of 305 listed non-financial companies shows it is the smaller firms that are saddled with the highest amount of debt relative to their market capitalization
Sitaram Yechury, Member of Parliament and general secretary of the Communist Party of India (Marxist), wrote a letter to Prime Minister Narendra Modi last month, urging the government to name and shame the top 100 defaulters, responsible for saddling the nation’s banks with a huge pile of bad debt. The letter also alleged that while the debt of big corporations and borrowers have often been waived (or written down), “the farmers continue to be hounded for repayment of minor amounts in drought years".
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