Many industries across India were failing, and were consequently unable to pay back their loans. Banks in India responded to this by giving out more personal loans, especially housing loans. Personal loans consist of housing loans, vehicle loans, education loans, credit card payments, etc. The overwhelming amount of loans given for personal reasons, however, has spooked the Reserve Bank of India. In this video, The Hindu examines why this is the case. Read more: https://www.thehindu.com/data/private-banks-on-a-housing-loan-spree-99-pay-dues-on-time-as-of-now-data/article67706038.ece Presentation, script, production: Sonikka Loganathan Data support and ideation: Jasmin Nihalani and Vignesh Radhakrishnan Thank you for watching our video! You can subscribe to our channel here: https://bit.ly/3c8Adi6 Visit https://www.thehindu.com/ for the latest updates, analysis, opinions, and more. You can also download our apps: Android: https://bit.ly/3nboBEi iOs: https://apple.co/3EDCwt4 The Hindu is committed to keeping you up-to-date with information on the developments in India and the world. We promise to deliver quality journalism that stays away from vested interest and political propaganda. You can support us by subscribing to our digital offerings here: https://bit.ly/3emywiz Follow us: Twitter: https://twitter.com/the_hindu Instagram: https://www.instagram.com/the_hindu/ #loans #personalloan #rbi #reservebankofindia #banking #housingloan