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RBI sounds alarm bells over strong personal loan growth

RBI sounds alarm bells over strong personal loan growth

MUMBAI: The RBI is concerned about the strong growth in some personal loans and is watching out for any stress in that segment, asking banks, NBFCs and fintechs to strengthen their surveillance mechanisms."Certain components of personal loans are recording very high growth... These are being closely monitored by RBI for any signs of incipient stress," RBI governor Shaktikanta Das said on Friday. He...

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