Keki Mistry, Former VC & CEO of HDFC, discussed RBI Governor Shaktikanta Das’s caution on unsecured lending risks. While Mistry acknowledged diligent loan assessments, he admitted RBI might notice lapses in certain entities, indicating potential tightened norms. The general lending system’s diligence and top-up loan impact on housing loans were key points of concern.
Dollar flat near one-week high as investors await Warsh’s Jackson Hole debut
The euro and sterling were subdued near one-week lows against the greenback, last at $1.1652 and $1.3597, respectively, though both remained on track for a