Credit card default

Bro Abhishek bro only rupay title mye add karnye par spawn hoga

Boom cycle always attracts all such crowd  in any market and once the bubble is burst there are always loser's but by and large it deepens and grows the market in long run 

But its sad to see few people make such huge mistake that may be a life changing experience or threatening in case of few.... But that's a cost to pay nonetheless the lessons learnt are valuable

Probably that's, a over stretch wherein overall retail lending for banking is very small ans and while corporate - institutional credit cycle has already gone through downtrend..... It's actually opposite of Lehman it's extremely difficult to get credit in regulated banking industry and cost of capital is exorbitant to do justice to meaningful  economic growth trajectory

Only 40 crore or something like that has a credit from banks ever oit if atleast 90 crore labour market and even out of those only 1 \ 3 are active in last 3yrs and thier eligible credit worthiness is too low 

Out of 90 crore labour force only barely 5 crore have a credit card of which couple of crores are as recent as 3yrs new users.... Although 10 crore credit cards are active but actual users is barely 5crore 

Over regulated banking has led to large exploitation led unorganized credit market... While banks a very thin slice of market...... It's a long shot from lehman like case at large