Indian Central Bank Tightens Scrutiny of Credit Activity
25 days ago
The Reserve Bank of India has decided to intensify its measures to control credit activity amid growing concerns over excessive borrowing. This decision is part of efforts to maintain financial stability and minimize risks related to a potential rise in loan defaults. The bank's monetary policy committee plans to closely monitor credit institutions as the country grapples with concerns about the sustainability of economic growth and possible negative consequences associated with rising debt.
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