The Reserve Bank of India (RBI) has called for increased scrutiny of the financial sector's rising unsecured loan exposure. The central bank has warned banks and non-banking finance companies (NBFCs) to strengthen their risk management systems and closely monitor the growth of unsecured loans. Though unsecured loans account for less than 10% of formal credit in India, their high growth rate and lack of collateral make them more vulnerable.
from Economy-News-Economic Times https://ift.tt/tOYBhLu
via
No comments:
Post a Comment