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The Reserve Bank of India has increased risk weights for consumer credit exposure in commercial banks, including personal loans, by 25 percentage points to 125%. This comes after warning about the risks of surging personal loans. Unsecured loans have been an outlier at 23%, compared to an average of 12%-14%. This has led to record borrowing and household savings dropping to multi-year lows.

Shaktikanta dasReserve bankUnsecured lending indiaInternal surveillanceHousing loansConsumer creditPersonal loansRbi consumer risk weightsReserve bank of india