https://www.thehindu.com/business/sme-loan-delinquencies-will-continue-to-rise-despite-rbis-rate-pause-says-moodys/article66747895.ece
Higher interest rates in India have increased repayment amounts and limited refinancing options for Small & Medium Enterprises (SME) borrowers with loan against property (LAP–loans secured by mortgages over residential or commercial real estate), heightening the risk of delinquencies and defaults, Moody’s said in a report.