An estimated 144,000 households struggled to repay their debts to Kotak Mahindra in 2022/23
While initial access to credit spurs short-term economic growth, concerns arise about a potential financial crisis as the long-term impact fades1. In August 2023, India saw a record high of $17.8 billion (Bn) in credit card spending, raising defau...
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#no poverty
#credit cards
#debt cycle
#reckless spending
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