The Reserve Bank of India warns of potential risks as nearly half of credit card and personal loan borrowers also have mortgages or vehicle loans. Stress in the microfinance sector worsens, with increasing delinquency rates and rising borrower indebtedness, prompting RBI’s supervisory actions against excessive interest rates.
Asian stocks rise, dollar pares losses after slump
Equities rose in Japan, South Korea and Sydney, with futures pointing to a soft open in Hong Kong. US contracts edged higher in Asia after
January 7, 2025