RBI’s View on Personal Loan

RBI Governor urges banks to strengthen risk management amid surging personal loans. 

Emphasis on Robust Risk Management

Shaktikanta Das stresses the need for strong risk management and underwriting standards.

Personal Loan Portfolio Surges

Indian banks see aggressive growth, with personal loans rising by 30.8% year-on-year.

Cautionary Note from RBI

RBI cautions banks on unsecured loan portfolios, including personal loans and credit cards.

Banks Eyeing Unsecured Portfolio

In the meanwhile, Kotak Mahindra and Federal Bank plan to grow their unsecured loan portfolios.

MPC Keeps Repo Rate Unchanged

The Monetary Policy Committee maintained the repo rate at 6.5% on October 6.