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.
Oil falls as Trump downplays prospect of escalation with Iran
Oil prices fell due to President Trump’s announcement regarding US military action against Iran, easing supply concerns. Brent crude futures dropped to $92.33 per barrel