Articles for tag: December, Dramatic, Drop, Financial, Landscape, Loans, NBFCs, RBI, Regulations, Reshaping, Share, Tightens, Unsecured

NBFCs see a dramatic drop in unsecured loans share as RBI tightens regulations, reshaping the financial landscape by December 2023.

According to a recent report from the Reserve Bank of India’s September bulletin, non-banking financial companies (NBFCs) in the middle layer have the highest percentage of unsecured loans, holding 27.3% as of December 2023. This is closely followed by upper-layer NBFCs at 24.3%. Both categories saw a decrease in their respective shares from December 2022, ...