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Why RBI Was Worried About Consumer Credit Growth

The banking regulator was uncomfortable with the runaway pace at which consumer credit was growing. Illustration: Dominic Xavier/ Tucked away in the 'Report on Trend and Progress of......

Why RBI Is Worried About The Rise In Personal Loans

In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with......

Fintechs may shift to secure products after RBI order on consumer loans

Fintech companies believe that the impact of Reserve Bank of India's order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured......

Wilful Defaulters Dues Rise To Rs 100 Crores Per Day

Wilful defaulters owe SBI Rs 80,000 crore as of June.10 nationalised banks are owed another Rs 1.5 trillion. Illustration: Uttam Ghosh/   The outstanding amount due from wilful......

Fintech Lenders Gave Rs 29,875 Crore

'The last year's growth is a foretaste of things to come in the retail credit market.' Illustration: Uttam Ghosh/   Did you know that fintech lenders gave out Rs 29,875 crore (Rs......

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The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain...
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