Are millennials spawning next wave of NPA piles?

While millennials, who have been driving credit demand by a large margin in the past 2 years, in what can potentially raise concerns for lenders, most of them have been taking the riskier unsecured loans, warns a report. The number of millennials — those born after 1980 — opting for a new loan grew 58% as against a 14% growth in the non-millennial segment.

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