Unsecured lending moves preemptive, in interest of sustainability: Shaktikanta Das
Mumbai, Nov 22 (PTI) Reserve Bank of India Governor Shaktikanta Das on Wednesday said the recent tightening of norms on unsecured lending is a preemptive and targeted move in the interest of sustainability.
Addressing the annual FIBAC event here, he said the RBI excluded certain sections like loans for house and vehicle purchase, and also the ones availed by small businesses, because of the advantage on the growth front they have.
The Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks’ Association (IBA) are jointly organising the FIBAC event.
