The Reserve Bank of India (RBI) is looking to tighten scrutiny on the unsecured lending portfolios of banks amid the growing risk of potential defaults, four banking sources told Reuters. Unsecured loans - mostly personal loans and credit cards - do not carry any collateral and therefore pose a higher risk of default. These loans , however, are a big contributor to margins as they entail higher interest rates.from Banking/Finance-Industry-Economic Times https://ift.tt/47OURT1
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