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Higher personal loan weight to check future risk build-up
Credit: IndiaTimes- Published on November 16, 2023
Following up on its earlier caution, RBI decided to act on the looming threat of unbridled growth in unsecured and personal loans metastasising into a bigger problem. Ever since RBI governor Shaktikanta Das publicly flagged high growth in personal loans and credit card outstanding, banks have been seeking to play down the...