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Risk of defaults in Mudra loans rising, says Citi

Updated : November 28, 2019 11:11 AM IST

As of FY19, cumulative GNPAs since inception in PMMY loans were Rs 176.5 billion, which was 2 percent.
The Reserve Bank of India’s deputy governor MK Jain also flagged off the risk of rising NPAs in Mudra loans and the need for banks to closely monitor the same.
Risk of defaults in Mudra loans rising, says Citi
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