SBI sees sector's personal loan woes easing on tighter credit rules

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SBI sees sector's personal loan woes easing on tighter credit rules - Business Standard

Quick Summary:

While low wage growth and high inflation have hurt India's "middle-class", the number of the affluent have also grown, prompting SBI to sharpen its focus on them.

SBI reported stable asset quality for the October-to-December quarter with bad loans at 2.07 per cent of its total assets.

Over the past year, regulators have sought to examine whether personal loans are being used to invest in the stock market, which could lead to an increase in defaults amid market falls.