Mumbai, November 16 The RBI on Thursday tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans, a move aimed at making the lenders more cautious on such advances. The risk weight on unsecured consumer loans has been raised by 25 percentage points. The…

Mumbai, November 15 The Reserve Bank of India on Wednesday directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products — eCOM and Insta EMI Card — with immediate effect due to the non-adherence of the company to the extant provisions of digital lending guidelines. “This action is necessitated due…