RBI’s Das warns banks to avoid ‘exuberance’ as credit surges

Indian central bank tightens macro-prudential policy on consumer credit

Shaktikanta Das
Shaktikanta Das
Juno Snowdon

Reserve Bank of India (RBI) governor Shaktikanta Das has warned banks and other financial firms to avoid “exuberance”, amid surging credit growth.

In remarks today (November 22), Das told banks and non-bank financial companies (NBFCs) to “take due care”. They should ensure credit growth remains “sustainable” and “all forms of exuberance are avoided”.

“At the current juncture there may not be any immediate cause for worry, but to remain on top of things, banks and NBFCs would be well advised to

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