The Reserve Bank of India's tightening measures on unsecured loans and credit card outstanding are impacting growth. Unsecured loans are growing at a slower pace of 22.9%, down from 24.3% prior to the central bank's actions. The outstanding unsecured loans amount to 13.33 lakh crore as of December. Credit card outstanding growth has also slowed to 32.6% from 34.2%. Overall retail loans growth has decreased to 17.7% in December. The Reserve Bank of India's actions have had an impact on the lending market. Read The Rest at :
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