The Wall Street Journal reports that global players such as KKR & Co. L.P., headquartered in New York City, and Manhattan-based Goldman Sachs are actively involved in alternative lending in India. Though the amount of the loans being offered are far smaller than those disbursed by big banks, the sector is seeing a surge in growth.
“Banks don’t like to do too-small transactions,” said D. Arul Selvan, CFO of non bank lender Cholamandalam Investment and Finance Company Limited, a Chennai-based company which reportedly has $5 billion in assets, and whose profits have increased 42 percent in the quarter that ended September 30.
“It’s a pretty attractive [business] from a risk-reward perspective,” B.V. Krishnan, an executive at KKR in India, told the Wall Street Journal. Krishnan explained that the expected yields from the loans are in the high teens and that KKR has lent roughly $4 billion to Indian companies through two non-bank lending firms it runs, reports Pymnts.com.
Last updated: December 26th, 2025
