![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5V3CJqEEofJmH5NylVX8zIcsrX7VroGTzJ5ku4WBmLCdwI0FtKoSEtP9Pps_RwCiopWIEK_VAPXSHxNtn0ooj14ReLnqsTMu4n_pUIFGP_G0WGONr5rptGiJDRKQ9eBDRYRmAPvbrmwRucGowZ7ZcH7HqmBw36sDPwXe7pmfOwBjK4RuQfP8KzCVuIy0/w640-h360-rw/rbi.webp)
Just before the festive season, the Reserve Bank of India (RBI) has said something which can make it difficult for people to take loans. RBI has expressed concern over the increasing trend of people taking personal loans in the country, for this it has also strongly reprimanded banks and non-banking financial companies (NBFCs).
Recently, while presenting his bi-monthly monetary policy review, RBI Governor Shaktikanta Das expressed concern over the growth of personal loans in the country. He said that very fast growth is being seen in certain types of personal loans of banks and NBFCs. This can create problems.
Now RBI will do this work
RBI Governor Shaktikanta Das said that the Reserve Bank is keeping an eye on this pattern. For this it has strengthened its surveillance system. Not only this, the central bank has also asked banks and NBFCs to strengthen their internal surveillance mechanisms.
The central bank says that banks, NBFCs and fintech companies should strictly follow the rules to provide easy and fast personal loans. If there is any default related to personal loan, then settle it in time.
Personal loan craze is increasing
The trend of taking personal loan is increasing rapidly among the people. People are now taking personal loans instead of their savings for very small needs. At the same time, the trend of personal growth among people has increased due to the introduction of features like early salary, buy now pay later, no cost EMI by many fintech companies.
According to the latest report of RBI, a growth of 30.8 percent has been recorded in the loan portfolio of banks on an annual basis. Last year too, a growth of 19.4 percent was recorded in the loan portfolio of banks.
However, it is a matter of relief that RBI has kept the interest rates at the same level as before in its monetary policy. This means that the existing EMI of your loan will remain the same as before.
No comments:
Post a Comment