In a move to address the surge in borrowing by low-income consumers, the Reserve Bank of India (RBI) has tightened regulations on consumer loans, urging lenders to enhance oversight on small personal loans. The central bank is considering stricter measures to mitigate the rising risk of loan defaults. As part of the regulatory measures, RBI … Continue reading RBI Implements Stricter Regulations on Consumer Loans, Impacting Banks and NBFCs