Watch | Why is the RBI nervous about banks giving out too many private loans?
Many industries throughout India had been failing, and had been consequently unable to pay again their loans. Banks in India responded to this by giving out extra private loans, particularly housing loans.
Personal loans include housing loans, automobile loans, schooling loans, bank card funds, and so on.
The overwhelming quantity of loans given for private causes, nonetheless, has spooked the Reserve Bank of India. In this video, The Hindu examines why that is the case.
Read extra: Private banks on a housing mortgage spree, 99% pay dues on time as of now
Presentation, script, manufacturing: Sonikka Loganathan
Data assist and ideation: Jasmin Nihalani and Vignesh Radhakrishnan
Source: www.thehindu.com
