![Impact of RBI’s Recent Move on Consumer Loans: Anticipated Rise in Interest Rates by Banks and NBFCs Loans](https://markettechguru.com/wp-content/uploads/2023/11/businessmen-elegant-suits-business-meeting-discussing-new-project-office-scaled.jpg)
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…