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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.