Salary delays, business downturns top reasons for loan defaults, says Creditmate report

The survey comes months after official data showed that unemployment is at a four-decade high, the pace of economic growth slipping to a six-year low, and banks increasingly rely on retail loans to expand books as corporate credit demand is a far cry.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2qAAOYl