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.
Peak XV trims stake in Zinka Logistics in Rs 302 crore bulk deal; ADIA, MIT among buyers
Zinka Logistics Solutions (BlackBuck) saw a Rs 302 crore block deal as Peak XV Partners trimmed stake. ADIA, MIT, and ICICI Prudential emerged as key