RBI increases risk weightage on unsecured lending by 25%

Reserve Bank of India issued regulatory directive on October 6, 2023.

Primary

Reserve Bank of India

Structure

regulatory directive

Date

October 6, 2023

Sub-sector

Lending Tech (Consumer)

RBI tightens capital requirements for unsecured consumer lending, constraining fintech lender access to credit lines and slowing growth in high-risk loan segments.

Primary company

Reserve Bank of India

Counterparty

Not disclosed

Amount

Not disclosed

Event date

October 6, 2023

Sub-sector

Lending Tech (Consumer)

HQ

Not disclosed

Structure

regulatory directive

Source published

November 18, 2023

Publisher

Economic Times

Source: economictimes.indiatimes.com