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India’s subprime bubble grew 2,100%; now a bust looms as debt traps millions of families

Summary by The Economic Times
Subprime loans in India's microfinance sector are experiencing significant distress, with a 68% borrower stress rate and rising overdue loans. The industry's challenges are attributed to borrowers taking new loans to repay old ones, highlighting the need for more robust central bank supervision.
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The Economic TimesThe Economic Times

India’s subprime bubble grew 2,100%; now a bust looms as debt traps millions of families

Subprime loans in India's microfinance sector are experiencing significant distress, with a 68% borrower stress rate and rising overdue loans. The industry's challenges are attributed to borrowers taking new loans to repay old ones, highlighting the need for more robust central bank supervision.

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The Economic Times broke the news in on Friday, April 4, 2025.
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