India's private credit market expansion alarms over potential weakened lending standards.
India's private credit market is rapidly expanding, raising alarms over potentially weakened lending standards as new participants enter the sector. The Reserve Bank of India acknowledges global risks but notes that India has not yet faced significant issues. Industry insiders warn of diluted covenants and inflated prices, yet some experts remain optimistic about the market's long-term prospects due to increasing interest from local investors.
October 21, 2024
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