RBI Meets Fintech Firms on Concerns Around Unsecured Loans

2024 • 6min • News • Business


Published On: May 06, 2024 - As there has been no slowdown in loans despite curbs and risk weightage on unsecured loans, the Reserve Bank of India is concerned about high unsecured loans becoming a systemic risk. The regulator asks fintech companies to target loan growth at 15-20% against current 35-50%. Join News9's Shweta Kothari and Kartik Malhotra for details on this top story.