Despite the RBI’s imposition of higher risk weights on unsecured lending, credit card outstanding has grown by 34 percent year-on-year as of end-November. The outstanding dues amount to Rs 2.4 lakh crore, accounting for 5 percent of retail loans. The RBI has been encouraging the use of technology and underwriting models to mitigate risk.
India’s free trade pacts not paused, all talks progressing as per schedule: Official
India is proceeding with its free trade agreement negotiations with various countries and blocs, including the UK and the EU, according to a government official.
November 17, 2024