Its not risky. The expertise of bajaj finance is that they have the data of maximum people from our country. As per them the customer was not risky. And dont doubt thier data or thier underwriting skills, the continuous low NPAs from last many years confirms the same. At the end of the day they ended up giving him the loan at higher interest rate and at higher processing fee.
Disclosure: Invested in idfc first bank, transactions in last 30 days.
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