Should we reconsider our Personal Loans & Credit Card spending?
Last week, The Reserve Bank of India increased ‘Risk Weight’ for ‘Consumer credit exposure’ for retail loans for Commercial Banks & Non-Banking Financial companies. For commercial banks its increased to 150% from 100% earlier. For NBFCs its increased to 125% from 100% earlier. It also includes banks exposure to NBFCs… Read More »Should we reconsider our Personal Loans & Credit Card spending?