Rising defaults in small loans signal pain for Indian stocks, economy
Tuesday, 5 November 2024 ()
Retail-loan defaults are increasing in India. This is impacting the stock market. Analysts are concerned about the impact on the economy. Lenders are reporting stress in unsecured loans. Personal loan growth is slowing down. The Reserve Bank of India had tightened lending norms. Demand for big-ticket items is also slowing down.
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