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As per RBI data, unsecured credit such as personal loans and credit cards form 25% of the retail credit as of March 31. Saswata Guha, senior director — banks, Fitch Ratings, sheds light on the risk factors amid booming economy and why lenders need to be vigilant of borrowers who may find themselves into a potential debt trap. ....
While the median one-year MCLR has bene increased 140 bps since April, the repo rate used to price retail loans has been raised by 250 bps in the same period ....
PSU banks wary of SBI's dismal AT-1 bond issue, may delay fund-raising thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
However, credit card NPAs made up just 2.16 per cent of the total credit card outstanding or loan exposure as of December 2022, a marginal increase from 2.11 per cent on March 31, 2022. ....
The consumer price index-based inflation (CPI) or retail inflation eased to an 18-month low of 4.7 per cent in April 2023 from 5.7 per cent in the previous month. Last week, Reserve Bank of India (RBI) Governor Shaktikanta Das said CPI for May could be even lower than the April print. ....