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In An Uncertain Year, Lenders Step Up Retail Bad Loan Sales
Lenders are selling more soured retail loans amid the Covid-19 crisis.
29 Jan 2021, 02:49 PM IST
Indian banks and non-bank lenders are looking to offload a larger amount of retail bad loans this year as they manage the stress emerging from the Covid-19 pandemic.Retail loans worth nearly Rs 6,000 crore are being put up for sale by various lenders, this year, according to three senior officials from asset reconstruction companies, who spoke on the condition of anonymity. This is higher than the usual run rate of Rs 2,000-2,500 cro...
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