10 Comments
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Dheeraj Choudhary's avatar

Great Read, looks like this year you guys are on roll. Article writing and story telling is on top level of international article

Pranav Manie's avatar

Thank you so much Dheeraj, we try!

Smita's avatar

Really clear breakdown. Loved how you explained the real story behind low NPAs and the rising risk in fintech plus NBFC partnerships. The deposit squeeze angle was an eye-opener too. Great read....

Kate Ng Jia Yi's avatar

It’s chilling that lower NPA isn’t all that it seems. Great read again

Pranav Manie's avatar

Thanks as always, Kate!

Debarshi Ghosh's avatar

This is a nuanced, data‑rich snapshot - especially the point about NPA ratios being shaped as much by write‑offs and growth as by fresh asset quality. That same dynamic often appears in trade credit portfolios, where aging receivables and payment‑term extensions can mask underlying liquidity stress until they’re written down or sold. TCLM often explores that operational layer where credit risk meets cash‑flow reality. A valuable read for finance teams watching banking‑sector signals.

(It’s free)- https://tradecredit.substack.com/

Abhishek Dasgupta's avatar

In case of expectation of lower inflation, wealthier saves more and poorer spends more. I think, increase in loan repayment might be linked to this behaviour. If someone expects less uncertainty, they would want to spend more (even as a form of lan repayment). If the expectation is of more uncertainty, one would try to increase savings and return even at the cost of unpaid debt.

Deepak Pegaredla's avatar

Banking and NBFCs, a topic that always take my full undivided attention. Loved today's read.