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Going subprime isn’t the answer for India’s big banks
September 12, 2019 | By The Times of India
business
The near-recession in consumer economy means unsecured lending could be the next domino to fall.
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By Andy Mukherjee Any financing that’s secured by collateral — steel mills, textile factories, power plants, roads or land — is in trouble in India. A multiyear investment slowdown has decimated credit quality. Now, the problem is spreading. The near-recess
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