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Unsecured loans India: RBI's consumer loan action is credit positive: Moody's

Moodys Investors Service has said that the Reserve Bank of Indias decision to increase risk weights on unsecured personal loans will improve lenders loss-absorbing buffers and be credit-positive. The rapid growth of unsecured loans has exposed financial institutions to a potential spike in credit costs in case of sudden economic or interest rate shocks.
Shaktikanta Das Suresh Ganapathy Cards Payments Services Moody Investors Service Reserve Bank Investors Service

budget: Increased capex in Budget an 'optical illusion': Former finance secretary Garg

Synopsis The revised estimates (RE) of capital expenditure for FY 2020-21 have also gone up to Rs 4.39 lakh crore, recording an increase of 6.55 per cent. PTI Capex for the new lines construction has reduced from Rs 12,000 crore to only Rs 929 crore. New Delhi: Increase in the capital expenditure provisions for 2020-21 in the Budget is an "optical illusion" and that for the next fiscal is "excessively optimistic and proforma", former finance secretary Subhash Chandra Garg said on Thursday. In ...
New Delhi Nirmala Sitharaman Subhash Chandra Garg Higher Capital Optical Illusion Finance Minister Nirmala Sitharaman

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