India's shadow lenders retreat as bad loans increase amid crackdown

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The story "India&#039;s shadow lenders retreat as bad loans increase amid crackdown" was covered 2 weeks ago by Business Standard, a news publisher based in India.

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India's shadow lenders retreat as bad loans increase amid crackdown - Business Standard

Quick Summary:

Shadow lenders’ asset growth will slow to between 16 per cent to 18 per cent in 2024-25, down from 25 per cent in the previous financial year, according to rating agency Icra.

While these lenders boost profits through higher interest rates on loans, they’re more vulnerable to defaults when the economic cycle turns, according to Moody’s Ratings.

All consumption-led products like credit cards, consumer durable loans and personal loans are experiencing a tightening of capital, according to TransUnion CIBIL.