High-yield private-credit deals appear to be waning in India

The Economic Times reports that high-yield private-credit deals in India appear to be waning. Citing Houlihan Lokey, it says 67% of deal volume in the first half of 2026 was priced below 18%, versus 80% priced above 18% in 2023. Banks gained permission to finance acquisitions in July 2026, while looser external commercial borrowing rules expanded financing options in February. Houlihan Lokey expects private credit to retain a role in complex, tailored transactions.