RBI's timely action on unsecured loans moderated their growth, preventing potential issues.
RBI Governor Shaktikanta Das stated that the central bank's timely action on unsecured loans has moderated their growth, preventing potential problems. The RBI observed signs of weak underwriting standards, inadequate appraisals, and a propensity to increase unsecured lending among some lenders. RBI's actions slowed down the growth of riskier unsecured loans, reducing potential vulnerabilities.
June 20, 2024
11 Articles