Business And Markets
0

Demand for Loans Sapping Capacity, Ability of Banks

Demand for Loans Sapping Capacity, Ability of Banks
Demand for Loans Sapping Capacity, Ability of Banks

The government has no contingency for marriage loans which are set to double in the March 2022-23 fiscal year, a senior banker said. 
Mohammad-Reza Jamshidi, the secretary general of the Iranian Private Banks' Association told ISNA that the interest-free loans provisioned by banks cannot cope with the rising  demand from the newlyweds. 
Jamshidi was responding to a Majlis decision earlier in the week to double the amount of marriage loans in the next budget. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com