RBI red flags NBFC consumer credit, calls for close monitoring of a few https://www.business-standard.com/finance/news/rbi-red-flags-nbfc-consumer-credit-calls-for-close-monitoring-of-a-few-124062701063_1.html
concerns
First, delinquency levels among borrowers with retail loans below Rs 50,000 remain high, particularly ~ NBFC-fintech lenders,
Second, vintage delinquency, which is a measure of slippage, remains relatively high in personal loans at 8.2 per cent.
The third aspect,more than half of the borrowers in this segment have three live loans at the time of origination and more than one-third of the borrowers have availed more than three loans in the last six months.
From https://heyzine.com/flip-book/c07b6b0fe3.html Share of Scheduled Commercial Banks has jumped from 47.5% In Dec 2018 to 55.1% in Mar 2024, Failure of any NBFC could produce shock waves for the banking secot.