
Banks Didn’t Entice Us—We Did It to Ourselves: The Untold Story of India’s Debt Explosion | Private Finance Information
New Delhi:India’s bank card debt has shot as much as ₹2.92 lakh crore in simply 4 years, and private loans have jumped by 75%. However Monish Gosar, a Mumbai-based information scientist, says banks didn’t pressure anybody—folks selected to borrow. “Banks didn’t lure us,” he writes. “They supplied the rope. We tied the knots”. Gosar believes…