This exercise would be conducted in November 2024.
Alok Misra, chief executive and director, MFIN, told Business Standard it would carry out a review of the degree of compliance with guardrails based on data sourced from Credit Information Companies. The review will be for the July-September period.
At present, lenders adhere to the Reserve Bank of India's (RBI's) regulations, which cap the ratio of loan repayment obligations to income at 50 per cent.
This story is from the October 09, 2024 edition of Business Standard.
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This story is from the October 09, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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Now boarding
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