BoT not worried by rising loan rejections | Bangkok Post: business

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BoT not worried by rising loan rejections

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A considerable increase in loan rejection rates at commercial banks is not worrisome while the proportion of bad auto loans remains steady, a senior central bank official said. 

The rise in loan rejection rates could be the case of applicants having higher debt obligations while their incomes remain the same, assistant governor Salinee Wangtal said yesterday.

The upward trend is not worrisome and no intervention by the Bank of Thailand is necessary, she said, adding it is adequate to keep monitoring the situation.

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