Mumbai: Nearly a year after clamping down on exuberance in unsecured loans, India’s central bank has expressed concern about the stress in such loans spilling over to larger, secured loans. “Nearly half of the borrowers availing credit card and personal loans have another live retail loan outstanding, which are often high-ticket loans,” the Reserve Bank of India said in its …
The Reserve Bank of India said that banks' asset quality improved in 2024, with the gross non-performing assets or bad loans ratio falling to a 12-year low of 2.6 per cent in September 2024, driven by falling slippages and steady credit demand. "Buoyed by falling slippages, higher write-offs and steady credit demand, the GNPA ratio of 37 scheduled commercial banks …
Mumbai: A central bank rule mandating disclosure of loan default even if it is just by a day is putting the fear of god in big borrowers. Borrowers, who owe more than ₹ 5 crore, are gradually regularizing repayments following the Reserve Bank of India’s 12 February circular asking banks to disclose any payment default, shows data accessed by Mint. …