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

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.

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Article Details

Author / Journalist: Alex Gabriel Simon | Bloomberg

Category: BusinessStartups

Markets: PhilippinesIndia

Topics: Lenders Shares Growth Bank Earnings Year Small Finance Percent Last Loans

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 11:25:41 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 501 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23430114

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 74 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 8 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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