India’s biggest bank backs RBI's move to curb ‘unhealthy’ loan growth
India's State Bank of India's chairman, Dinesh Khara, believes a clampdown on unsecured loans is necessary to curb unhealthy growth in individual borrowing. The bank's chairman cited the annual expansion of retail loans at about 30% as a sign of heating up. The Reserve Bank of India has asked banks to increase buffers for some consumer loans to ensure healthy growth.
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