Small-loan defaults may throw risk into India’s broader economy

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Small-loan defaults may throw risk into India’s broader economy - Business Mirror

Quick Summary:

A rise in retail-loan defaults in India due to aggressive lending practices is reverberating in the stock market, with analysts worrying about possible spillover into the broader economy.

Arohan Financial Services Pvt., which provides loans primarily to financially underserved women, is delaying an initial public offering.

This followed an RBI order last month asking a group of shadow lenders to stop sanctioning new loans because of the high interest rates they charge customers.