Are millennials spawning next wave of NPA piles for banks?

The number of millennials, opting for a new loan grew 58 per cent as against a 14 per cent growth in the non-millennial segment, a study by credit bureau TransUnion- Cibil said on Tuesday. Lenders are increasingly depending on the retail segment for their loan growth as its quality is better than the corporate segment which is shying away from investing.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Xb0DKu