RBI Governor urges banks to strengthen risk management amid surging personal loans.
Shaktikanta Das stresses the need for strong risk management and underwriting standards.
Indian banks see aggressive growth, with personal loans rising by 30.8% year-on-year.
RBI cautions banks on unsecured loan portfolios, including personal loans and credit cards.
In the meanwhile, Kotak Mahindra and Federal Bank plan to grow their unsecured loan portfolios.
The Monetary Policy Committee maintained the repo rate at 6.5% on October 6.