Corporate governance 'fault lines' emerging at some pvt lenders: RBI report

Growing problems of corporate governance are emerging at India's private banks and all lenders are at risk of rising default rates even though asset quality has improved overall, the Reserve Bank of India said on Tuesday. In its annual report on Trends and Progress of Banking in India, the central bank highlighted the possibility of defaults rising in the retail lending space after the economy slowed to 4.

5% in the July-September quarter, its weakest pace since 2013. Indian banks have shifted towards the retail market in recent.

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