(NEW DELHI)_Since March last year, the COVID-19 pandemic has been ravaging economic activities of many countries across the globe, including India. The global health crisis, which cost the lives and livelihoods of millions of people, has also had a noteworthy impact on home loan portfolios of many banks in the South Asian nation, a leading mortgage guarantor has revealed. According to the India Mortgage Guarantee Company (IMGC), the industry has been showing signs of stress over the past 15 months, as the company saw an increase of nearly three times in the mortgage delinquency pool during this period.
“In June, the number of claims we are paying is nearly…
