firm financing patterns in India. They document the overall use of debt and, in particular, the role of bank financing …, bank financing as a share of total debt has increased, while borrowing from nonbank financial institutions fell sharply. In … manufacturing sector, and if they are located in Southern India. Furthermore, while the ratio of debt to assets has been relatively …

"The authors formulate and test hypotheses about the role of bank ownership types-foreign, state-owned, and private … domestic banks-in banking relationships, using data from India. The empirical results are consistent with all of their … hypotheses with regard to foreign banks. These banks tend to serve as the main bank for transparent firms, and firms with foreign …