Bank credit to NBFCs dips even as credit card debt continues to grow
Banks are reducing credit to NBFCs after RBI increased the risk weightage on some of these loans even as credit cards outstanding, which are primarily consumer-driven, continue to grow, RBI data showed. According to data released on Thursday, bank credit to NBFCs fell to a little over Rs 15 lakh crore in Jan 2024 from Rs 15.2 lakh crore in Dec 2023.
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