Question

How will it affect people who have taken loans especially from the non formal sources of credit?

Answer 1

Answer:

"I think banks would also want to be a lot more careful in terms of incremental lending," Sanjeev Prasad, managing director, and co-head at Kotak Institutional Equities, told CNBC. He explained that a lot of borrowers who would have previously received loans from banks and non-bank financial institutions would not qualify if lenders become more stringent over whom they lend to. "It will have its own repercussions on recovery in the economy going forward."

Explanation:

PLEASE MARK AS BRAINLIST ANSWER