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ru24.net
News in English
Ноябрь
2023

Unsecured personal loans jumped 4-fold to Rs 13.3 lakh cr from FY17 to FY23: Report

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Personal loans are typically consumption loans and are unsecured in nature, which constitute nearly a third of the total bank credit. The recent move by the Reserve Bank of India to hike the risk weight by 25 percentage points to deter high consumer credit growth is expected to impact the momentum in growth in the immediate to near term, the report said.



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