How big a worry is revolving credit offered by India’s shadow lenders? It can be sandbox-tested
· livemint.com
Revolving credit is risky. It can lead debtors into debt traps, while juggled credit lines can create systemic stress. But India’s credit market needs rivalry and barring shadow banks from offering flexi loans may throw the baby out with the bathwater.
Is there evergreening of bad debt in India? Sure. Smartphone-based loan apps have gone overboard with small-value ($200 or less) loans used to make ends meet. T...