Rising Defaults on Loan Against Property

Rising Defaults on Loan Against Property

Defaults on loan against property (LAP), which have been modest till the last year, could significantly increase in the next four quarters, says a report. Raising a red flag, it said delinquencies have tripled in 2-3 years. Delinquencies may even exceed 5 per cent on a static basis for a few non-bank financial institutions (NBFCs), Read more about Rising Defaults on Loan Against Property[…]