ADVERTISEMENT

In An Uncertain Year, Lenders Step Up Retail Bad Loan Sales

Lenders are selling more soured retail loans amid the Covid-19 crisis.

A bus conductor displays Indian bank rupee notes for a photograph in Coonoor, Tamil Nadu, India. (Photographer: Dhiraj Singh/Bloomberg)
A bus conductor displays Indian bank rupee notes for a photograph in Coonoor, Tamil Nadu, India. (Photographer: Dhiraj Singh/Bloomberg)
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...
To continue reading this story
Subscribe to Unlock & Enjoy your 
Subscriber-Only
 benefits

Choose a plan

Renews automatically. Cancel anytime.
Still Not convinced ? Know More