Private credit fragility: India can reduce default risks by closing data gaps in India’s broader credit market
In India, private credit has made significant strides in the last few years. Recently, its assets were estimated to be upwards of ₹2.5 trillion. That’s barely 1% of India’s banking book. However, one may expect private credit to increase in importance, provided today’s limited regulatory elbow room for banks continues and private lenders do not commit a self-goal in terms of underwriting or governance lapses.
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