India cenbank widens scrutiny of credit 'exuberance' | Reuters News Agency

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Economy

Reuters exclusively reported that India’s central bank is stepping up its fight against “exuberance” in retail lending, targeting new areas including mortgage-linked “top-up” loans, on concern about rising risks to the financial system.

Market Impact

Credit extended by India’s banks has been rising about 16%annually, more than double the economy’s scorching 7.6% forecast growth for the financial year ending this month, despite 2.5 percentage points of RBI interest-rate hikes over the past two years. 

Article Tags

Topics of Interest: Economy

Type: Reuters Best

Sectors: Economy & Policy

Regions: Asia

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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