Banks’ Bad Loans Turn Indian Stock Pickers to Consumer LendersBy and
Stakes in non-bank lenders raised at fastest pace since 2012
Mirae Asset cut holdings in state banks amid rising bad debt
Indian fund managers are warming to consumer-focused lenders such as Bajaj Finance Ltd. and SKS Microfinance Ltd. at a time when many commercial bank shares are out of fashion due to rising bad loans to corporate debtors.
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