Crisil warns banks of retail loan defaults
January 8th, 2008
Crisil, the credit rating agency, today said banks should brace for payment defaults on their retail loans because of their exposure to high-risk customers and rising interest rates.
Gross non-performing assets (NPAs) on these advances are forecast to rise to over 4 per cent over the next two years from 2.7 per cent as of March […]
Filed under: banks, business, finance, loans, mortgage by Forest
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