The Reserve Bank of India (RBI) is increasing regulatory scrutiny of lenders to improve governance and curb exuberant lending. The RBI has tightened its norms on unsecured loans and warned lenders against exuberance due to rising risks to the financial system. The increased focus on compliance and tight liquidity in the banking system may slow down credit growth to 14% in 2024-25 from 16% this financial year.
from Banking/Finance-Industry-Economic Times https://ift.tt/HuDmr4L
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