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The country’s post-pandemic credit boom has given rise to a number of companies offering to clean up borrowers’ credit reports. But no one’s paying attention to the most fundamental risks these businesses pose.


While the earnings have been encouraging, the real challenge lies in addressing the slowing deposit growth and leadership uncertainty.
Profit or loss is a definitive number because it can be traced back to a company’s books of accounts, audited by a certified auditor. Any number that doesn’t have this stamp of sanctity is a baseless claim.
The feature has attracted a whole host of startups taking people for a ride. The problem is now large enough for an efficient regulator to step in.