Personal Loan interest rates surge by 30-50 bps following RBI's raised risk weightage in November 2023
In November last year, the central bank had flagged certain concerns on excessive growth in the unsecured retail loans and increased the risk weightage of personal loans to make lenders more cautious and discourage them from lending too much of these loans
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In November last year, the central bank had flagged certain concerns on excessive growth in the unsecured retail loans and increased the risk weightage of personal loans to make lenders more cautious and discourage them from lending too much of these loans
