💨 Abstract
RBI Governor Shaktikanta Das has warned that the rapid expansion of the private credit market with limited regulation poses a threat to the overall financial stability of the system. He expressed concern about vulnerabilities in these markets during economic stress or market corrections. He also highlighted risks due to rising interest rates, stretched asset valuations, and potential contagion across financial markets. Das also warned about the impact of commercial real estate price corrections on small and medium-sized banks.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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