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Second Covid Wave: Housing Financiers See Stress Rising Across Retail Loans
Home loan defaults rose amid the second wave, with loans to the self-employed most under stress.
11 Aug 2021, 08:34 AM IST
The impact of the second Covid wave is being felt by Indian banks and non-banking financial companies across retail segments. From micro credit to vehicle loans and now home loans, even the most resilient portfolios saw a rise in defaults as a violent surge in infections led to both repayment and collection difficulties.Gross non-performing loans rose for across each of the top housing financiers. Housing Development Finance Corporat...
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