The RBI is warning, rapid growth in unsecured loans (personal loans, credit cards) and unchecked lending by NBFCs could threaten financial stability. Banks and NBFCs are urged to tighten monitoring and strengthen internal risk controls immediately. Intervals of moderation aren’t enough prudence is the only way forward. #RBI FinancialRisk #RetailLoans BankingAlert #StayVigilant
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#BREAKING RBI Sounds the Alarm. Unsecured Retail Lending Poses Systemic Risk
The RBI is warning, rapid growth in unsecured loans (personal loans, credit cards) and unchecked lending by NBFCs could threaten financial stability. Banks and NBFCs are urged to tighten monitoring and strengthen internal risk controls immediately.
Intervals of moderation aren’t enough prudence is the only way forward.
#RBI FinancialRisk #RetailLoans BankingAlert #StayVigilant