High limits in unsecured lending a worry, says RBI

Quick Summary:

RBI has raised concerns over high ceilings for unsecured loans set by banks and finance companies.

It urges boards to exercise prudence to maintain financial stability.

Additionally, RBI warns about the risks associated with top-up and private credit loans, emphasizing the need for careful monitoring.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaOman

Topics: NBFC regulations High limits on loans RBI guidelines Unsecured lending Business news Private credit concerns Financial stability

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 04:16:22 (21 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 627 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24681358

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 11 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #28

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