{
Jairam Sridharan

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piramal enterprises anticipates rise in business loan delinquencies to 2 percent

Piramal Enterprises anticipates an increase in business loan delinquencies to 2-2.1% in the upcoming quarters, driven by ongoing stress in the microfinance and business loan sectors, according to Managing Director Jairam Sridharan. In the July-September quarter, delinquencies rose to 1.6%, up from 1% a year earlier and 1.3% in the previous quarter, with expectations that the situation may stabilize after a few quarters of improvement.
Moneycontrol
Piramal Enterprises Limited IND Jairam Sridharan
Finance & Economy, Market Report
14:11 23.10.2024
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