She also warned non-banking financial companies (NBFCs) and small finance banks (SFBs) to avoid risks from over-lending.
Speaking at the Digital Acceleration & Transformation Expo 2023, Sitharaman said the RBI has asked banks to avoid exuberance while redlighting NBFCs and SFBs from going "too far" in lending.
"The RBI has alerted NBFCs and SFBs to be careful so that they don't go too far too soon and face downside risks," Sitharaman said.
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Esta historia es de la edición November 24, 2023 de Mint Mumbai.
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