High limits in unsecured lending a worry, says RBI – Times of India
MUMBAI: RBI has expressed concern over banks and finance companies setting high ceilings for unsecured loans, stating that it expects their boards to exercise prudence.Noting that there has been some moderation in unsecured lending after RBI tightened norms for this segment, it said, “While specific limits have been prescribed for unsecured lending by urban co-operative…