Acted On Unsecured Loans To Avert Bigger Problems: RBI Governor

[SSV]

This was the reason why a lot of Banks had decreased CLs of our CCs during the last 6 months / had not given much LEs like before...

Acted On Unsecured Loans To Avert Bigger Problems: RBI Governor

The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".

www.ndtv.com

 

[RAMESH BABU N]

Good work done by RBI.
Preventive, yet effective.

 

[phoenix1386]

Sure, trouble the commoners instead of acting on those who take obscenely large loans and then play lotto to decide if they will pay them back.