PETALING JAYA: While banks, generally, are not reckless and irresponsible lenders going by the non-performing loans (NPLs) yardstick, they should be watchful when extending loans which may be risky amid the spike in household debt, said RAM Holdings Bhd group chief economist Dr Yeah Kim Leng.
The latest figures released by Bank Negara showed that total household debt reached an all-time high of RM561.5bil or 78.1% of gross domestic product (GDP) as at end-August, the second highest debt level in Asia outside Japan.
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