In November 2023, the Reserve Bank, fearing a bubble build-up in the unsecured loans segment, which has been growing at three times the other loans for nearly two years, asked credit card issuing banks to set aside 25 percentage points more money as risk capital, taking the total to 150%.
Still, banks continued to aggressively push credit cards and since the second quarter almost all lenders have begun to report higher delinquencies. The worst affected ones are Kotak Mahindra Bank, RBL Bank, and Axis Bank, among others.
Denne historien er fra December 06, 2024-utgaven av The New Indian Express Vishakapatnam.
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Denne historien er fra December 06, 2024-utgaven av The New Indian Express Vishakapatnam.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Deol's ton helps India seal series
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