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Are millennials spawning next wave of NPA piles for banks? - Economic Times

Are millennials spawning next wave of NPA piles for banks? - Economic Times > The number of millennials, opting for a new loan grew 58 per cent as against a 14 per cent growth in the non-millennial segment, a study by credit bureau TransUnion- Cibil said on Tuesday. Lenders are increasingly depending on the retail segment for their loa… MUMBAI: While millennials, who have been driving credit demand by a large margin in the past two years, in what can potentially raise concerns for lenders, most of them have been taking the riskier unsecured loans, warns a report. The number of millennials, … [+1592 chars]

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