Impact of RBI’s Recent Move on Consumer Loans: Anticipated Rise in Interest Rates by Banks and NBFCs
In a significant development, the Reserve Bank of India (RBI) has taken action on consumer loans, prompting experts to predict potential rate hikes by banks and non-banking financial companies (NBFCs). The adjustment in risk weight requirements is set to have far-reaching consequences, affecting the capital adequacy ratio and overall profitability of these financial institutions. RBI’s…
