Notably unsecured consumption-led products have risen a compounded annual growth rate (CAGR) of 47% from the quarter ending March 2021 to March 2023 and credit card delinquencies rose 66 bps ( one bps is 0.01 percent) year-on-year in the March 2023 quarter to 2.94 percent.
RBI steps keep average call rates in check
The Reserve Bank of India has been managing surplus liquidity in the banking system. The goal is to align the weighted average call rate with