RBI warns of stress build-up in consumer credit

The delinquency rates for such loans are going up particularly for private sector banks and NBFCs during the pandemic warned the Reserve Bank of India's latest financial stability report. At the same time the second wave has also affected demand for such loans with a steep fall in demand in April , it said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Uw2s7y