RBI Tightens Norms For Personal Loans, Credit Cards Amid Demand Surge
The RBI increased the risk weights for banks and NBFCs (Representational) New Delhi: The Reserve Bank Of India (RBI) on Thursday tightened norms for personal loans and credit cards, raising the risk of slowing loan growth. The tighter rules, in the form of higher capital requirements, will make such loans costlier and likely curb growth in …