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RBI flags concerns over rising delinquency in unsecured lending, calls for stricter vigilance
The Reserve Bank of India (RBI) has raised concerns about increasing delinquency and leverage in unsecured loans, urging heightened vigilance despite a slowdown in credit growth.
RBI Highlights Rising Risks in Unsecured Lending and Private Credit Markets
The Reserve Bank of India (RBI) has raised concerns about the growing risks associated with unsecured lending and private credit markets, urging heightened vigilance amidst a cooling credit growth environment.
RBI sounds alarm on unsecured loans; wants stricter oversight as risks persist
RBI says unsecured loans present "higher credit risk" and that its share in total credit of banks has been increasing since 2015, hitting 25.5% by 2023 March.
High limits in unsecured lending a worry, says RBI
RBI has raised concerns over high ceilings for unsecured loans set by banks and finance companies. It urges boards to exercise prudence to maintain fi
7h
on MSN
Rupee hits record low, pressured by strong NDF dollar bids; RBI likely steps in
The Indian rupee weakened to an all-time low on Friday, hurt by persistently strong dollar demand in the non-deliverable ...
devdiscourse
15m
RBI Greenlights UPI Payments via Prepaid Wallets
The Reserve Bank of India has authorized the use of prepaid payment instruments (PPIs) for UPI transactions on third-party ...
7h
on MSN
What RBI has in store for banks and NBFCs: New regulation, lens on unsecured loans
The RBI report on banking trends and progress shows health of India’s banking system remained robust, with banks’ ...
Fortune India
31m
Explained: What RBI's new UPI rules mean for linking e-wallets to 3rd-party apps
RBI's latest changes in regulations to allow UPI payments from full KYC digital wallets like bank account holders ...
The Financial Express
5h
Will RBI block your bank account? Here’s what you need to know
Does RBI contact the public through unsolicited phone calls or emails to intimidate them regarding their bank account getting ...
3h
Don’t paint all of them with RBI’s brush: 7 stocks in the financial services sector with upside potential of up to 51%
Once again the RBI has issued warnings to banks and NBFCs to mend their ways. It is not the first time this has happened, nor ...
Pragativadi
6h
RBI allows UPI payment to prepaid instruments via third party apps
RBI on December 27 said it has allowed Unified Payments Interface (UPI) access for prepaid instruments through third-party ...
Businessworld
1h
RBI Sets Up 8-member Committee To Recommend Framework For Ethical AI In Financial Sector
Reserve Bank of India has set up an eight-member committee, comprising experts from diverse fields, to recommend a Framework ...
4h
Ethical use of AI in financial sector: RBI sets up Committee, Prof Pushpak Bhattacharyya appointed chairperson
The Reserve Bank of India (RBI) has set up a Committee to develop a Framework for Responsible and Ethical Enablement of ...
6h
Singh’s contributions as architect of India’s economic reforms have left indelible mark: RBI Governor
RBI Governor praises Dr. Manmohan Singh's economic reforms, highlighting his legacy as a visionary economist and former Prime ...
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