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India’s bad loans are falling, but a bigger banking risk may be building beneath the surface
· Business Today Mkts
India’s household debt is rising even as personal loan defaults decline, raising concerns about borrowers taking on more debt than their incomes can support. With non-mortgage borrowings climbing to 27% of GDP, banks and NBFCs face a growing challenge in assessing repayment capacity.
Market context
- Sector exposure: Banks.
- The immediate tone of coverage reads negative.
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