Indian banks step up scrutiny of unsecured loans.

BANKING AND CREDIT NEWS-October 23, 2023--Indian banks step up scrutiny of unsecured loans

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Global Banking News - 23 October 2023

Indian banks have increased their scrutiny on unsecured loans.

With the stress caused by small unsecured loans increasing, Indian banks are scrutinising borrowers more thoroughly. Recently, the Indian central bank had expressed concerns about an increase in unsecured loans and is closely monitoring the situation.

Many banks in the nation have reported increased...

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