Fault lines show up in India’s $25 billion private credit market

These reported incidents of stress in an industry with 'light-touch' regulations have raised concerns over transparency, risk monitoring and investor protection. There have been at least a couple of defaults in the range of Rs 100 crore each, sources said.Industry executives say a few private credit deals are already showing early signs of stress. Light-touch regulations have meant that unlike banks or non-bank lenders that must periodically disclose their suspect-loans data, lenders in these markets do n ...