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Kodagu highest loan defaulter in Karnataka

Kodagu is the most loan-stressed district in Karnataka after the damage wrecked by floods last August, says a report from credit agency Equifax and SIDBI.

Kodagu is the most loan-stressed district in Karnataka after the damage wrecked by floods last August, says a report from credit agency Equifax and SIDBI. The study, which looked at all the districts in Karnataka, also listed Bengaluru, Haveri and Bagalkot among other regions with higher than average loan defaults. Credit trends in the state have been improving. And repayment is not as poor as it was during the demonetisation days. For the industry at large, across India, the Equifax report said that delinquency rates have improved to 2.9% from the 14% experienced during demonetisation days. Credit cycles have improved to a large extent. Demand for loans has gone up and so has repayment, said K M Nanaiah, country leader of Equifax.

 

Link to the article - https://timesofindia.indiatimes.com/city/bengaluru/kodagu-highest-loan-defaulter-in-karnataka/articleshow/69265772.cms

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