Finance
India’s Central Bank Eases Some Curbs on Consumer Loans
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India’s banking regulator rolled back some of its restrictive measures that were aimed at curbing loans not backed by collateral, as consumption slumped in Asia’s third largest economy.
The Reserve Bank of India on Tuesday said effective April 1, banks don’t have to set aside additional risk weights on loans to better rated non-banking financial companies. It also restored risk weights on microfinance loans for consumer credit with immediate effect.