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Q:

Which government organization has recently tightened the norms for unsecured personal loans for banks and NBFCs?

  • 1
    SBI
  • 2
    RBI
  • 3
    PNB
  • 4
    ICICI
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Answer : 2. "RBI"
Explanation :

The Reserve Bank of India (RBI) has tightened the rules related to personal loans. Personal loan will become expensive due to increase in risk weight by 25 percent by RBI. Along with banks, the biggest impact of this decision will be visible on NBFCs.

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