Banks target weaker borrowers as credit growth slips: Why it's a risky bet

Banks target weaker borrowers as credit growth slips: Why it's a risky bet

Any financing that’s secured by collateral — steel mills, textile factories, power plants, roads or land — is in trouble in India. With business collateral losing its sheen, India’s top three private-sector banks have been expanding their credit card and personal loan business at 30 per cent-plus rates, double the pace of growth in their corporate loan book. If they try, they would only be storing trouble for the future.

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business-standard.com

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