Stress emanating from borrowers, slippages may rise: HDFC Bank chief

Mumbai: HDFC Bank chief executive Sashidhar Jagdishan told investors Monday that India’s most valuable lender could see a rise in loan delinquency as business momentum and collections have slowed since the second Covid wave engulfed vast swathes of the country, including the previously resilient rural pockets. “For the first time in as many years, we don’t have visibility on what is going to happen and, hence, near-term expectations are tepid,”