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HomeEconomyIndia cenbank widens scrutiny of credit 'exuberance'

India cenbank widens scrutiny of credit ‘exuberance’

Economy

Reuters exclusively reported that India’s central bank is stepping up its fight against “exuberance” in retail lending, targeting new areas including mortgage-linked “top-up” loans, on concern about rising risks to the financial system.

Market Impact

Credit extended by India’s banks has been rising about 16%annually, more than double the economy’s scorching 7.6% forecast growth for the financial year ending this month, despite 2.5 percentage points of RBI interest-rate hikes over the past two years. 

Article Tags

Topics of Interest: Economy

Type: Reuters Best

Sectors: Economy & Policy

Regions: Asia

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story


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