Following up on its earlier caution, RBI decided to act on the looming threat of unbridled growth in unsecured and personal loans metastasising into a bigger problem. Ever since RBI governor Shaktikanta Das publicly flagged high growth in personal loans and credit card outstanding, banks have been seeking to play down the concerns, arguing that their unsecured book forms a very small portion of loan portfolio, and it was the NBFCs and fintech players that were undertaking that business.