‘Microfinance worries me’: Deepak Parekh sounds alarm on risky loans and retail credit binge

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He stressed the importance of loan discipline at the retail level too. “I think only 25% of someone’s income should go toward loan repayment,” Parekh advised. “You need the balance for your family, upkeep, taxes.”

​He stressed the importance of loan discipline at the retail level too. “I think only 25% of someone’s income should go toward loan repayment,” Parekh advised. “You need the balance for your family, upkeep, taxes.”