Barclays' India CEO, Pramod Kumar, highlights intensified competition from Japanese banks, which are now more willing to engage in riskier lending, driving down loan prices. With India’s economic growth spurring demand for loans, Japanese banks like MUFG are shifting focus from government to corporate clients, including major conglomerates. As Indian companies seek refinancing amid maturing debts, Barclays anticipates growth in structured credit and cross-border financing, despite potential impacts from US tariffs.