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Unsecured loans of NBFCs grow faster than secured loans in 2023: RBI data

An RBI report shows that the pace of expansion in the balance sheet of NBFCs accelerated in 2022-23, aided by double-digit credit growth, mainly on account of unsecured loans. ....

Sanjay Agarwal , Group Head , Reserve Bank , Care Edge , Senior Vice President , Co Group Head , Financial Sector Rating , Non Banking Finance Companies Nbfcs , Reserve Bank Of India , Unsecured Loans ,