BusinessPhoto: MintNBFCs Cautious on Rural Lending Due to Weak Monsoon Risks
Shriram Finance, Mahindra Finance, L&T Finance, and HDB Financial Services have expressed concerns about geographically concentrated risks in drought-affected regions of western and southern India during their September-quarter earnings calls. These non-banking financial companies are becoming cautious about rural lending as the weak monsoon threatens loan repayments in these areas.
Mint·

