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Top related persons:
Francis Mascarenhas - 1 Dhananjay Sinha - 1 Shaktikanta Das - 1 Transunion - 1 Systematix - 1 Sinha - 1 Siddhi Nayak - 1 Ira Dugal - 1
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Mumbai India Reserve Bank of India Bengaluru
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Bank of India - 1 REUTERS - 1 Rights - 1 Reserve Bank of - 1 NBFCs - 1 Systematix Research - 1 Siddhi - 1 Sethuraman NR - 1

Search resuls for: "Dhananjay Sinha"


2 mentions found


☆ India cenbank tightens rules for personal loans, credit cards amid demand surge
  + stars: | 2023-11-16 | by ( Siddhi Nayak Ira Dugal | Siddhi Nayak | Ira Dugal | ) www.reuters.com   time to read: +3 min
REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Nov 16 (Reuters) - India's central bank on Thursday tightened norms for personal loans and credit cards, raising the risk of slowing loan growth. Reuters GraphicsRBI Governor Shaktikanta Das said last month the central bank was closely monitoring some fast-growing personal loan categories for signs of stress. Subsequently, Reuters reported that the RBI was particularly concerned with the surge in small personal loans and was considering tighter rules for such borrowings. Unsecured personal loans increased 23% from a year ago as of Sept. 22, 2023, while outstanding amounts on credit cards jumped nearly 30%, central bank data shows. "In particular, limits shall be prescribed for all unsecured consumer credit exposures," the central bank said.
Persons: Francis Mascarenhas, Dhananjay Sinha, Shaktikanta Das, Transunion, Systematix, Sinha, Siddhi Nayak, Ira Dugal, Shinjini Ganguli, Dhanya Ann Thoppil Organizations: Bank of India, REUTERS, Rights, Reserve Bank of, NBFCs, Systematix Research, Reuters, Siddhi, Sethuraman NR, Thomson Locations: Mumbai, India, Reserve Bank of India, Bengaluru
☆ Indian govt not averse to weaker rupee vs dollar - source
  + stars: | 2022-09-22 | by ( Ira Dugal Aftab Ahmed | Ira Dugal | Aftab Ahmed | ) www.reuters.com   time to read: +3 min
A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India, August 13, 2018. The Fed's decision sent the dollar to a new 20-year high and the rupee to a record low of 80.61. The Reserve Bank of India has been selling dollars to alleviate the depreciation pressure on the rupee due to the surging dollar and foreign portfolio outflows. All this points to a structurally weaker rupee," said Dhananjay Sinha, chief economist at Systematix Shares & Stocks. Sinha said the rupee is overvalued by about 5-5.5% on a real effective exchange rate (REER) basis.
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