June 7, 2025

loan defaults

Loans

Multiple loans leading to debt trap? Amid rising microfinance defaults, what to do if you’re struggling to repay your loan

At the heart of the issue is overlapping credit exposure. The data revealed that around 5 million microfinance borrowers, who constitute around 6% of the total borrower base as of November 2024, have taken loans from four or more lenders. Data from the Reserve Bank of India (RBI) also showed that the share of borrowers

Read More
Loans

MTNL’s bank loan defaults stand at ₹8,346 crore

State-run telecom firm MTNL has defaulted on bank loans worth ₹8,346.24 crore from seven public sector banks, the company said in a regulatory filing. The loss-making public sector telecom firm’s total debt obligations reached ₹33,568 crore as on March 31, 2025, according to the filing dated April 19. The total loan default includes ₹3,633.42 crore

Read More
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. View more
Accept
Decline