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NBFCs: RBI policy on stability: Will not wait for house to catch fire

The Reserve Bank of India (RBI) has defended its recent regulatory measures for banks and non-banking finance companies (NBFCs), emphasizing its commitment to using prudential tools to safeguard financial stability. Governor Shaktikanta Das stated that the central bank will not wait for problems to escalate, likening it to waiting for a house to catch fire before taking action. ....

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RBI Governor on higher risk weights: 'We don't wait for house to catch fire to act' | Business News

“We do not wait for the house to catch fire and then act. Prudence at all times should be the guiding philosophy, both for the regulators and the regulated entities,” Das told reporters after announcing the monetary policy. ....

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Paytm Boosts Credit Services offers Larger Loans to Consumers and Merchants

Paytm Boosts Credit Services offers Larger Loans to Consumers and Merchants -
Paytm, a prominent mobile payments and financial services distribution firm in India, announced its plans to broaden its credit distribution. ....

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Indian banks ask fintech partners to limit tiny personal loans amid regulatory glare: Sources

Amid regulatory concerns, top Indian banks and non-bank lenders have advised fintech partners to reduce issuing small personal loans. Paytm on Wednesday announced it will go slow with loans below 50,000 rupees, aligning with RBI s cautionary stance on personal loans and NBFC lending due to rising risk concerns, prompting lenders to reconsider their lending strategies. ....

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