Ekam UPSC Economy Prelims

RBI’s new norms to tighten unsecured retail loan norms credit positive: Moody’s. Higher risk weights, higher capital allocation for loans, potential dampening of growth appetite. NBFCs, banks, fintechs aggressively growing loans, but fintechs’ models untested. Banks able to absorb higher risk weights, NBFCs strain minimal. #Moody’s #RBI #UnsecuredRetailLoans #CreditPositive #NBFCs #Banks #Fintechs.

Indian technical textile market to reach $40B by 2030: Govt. launched National Technical Textile Mission to extend till 2026. Allocated ₹1,000 crore for R&D, 126 projects approved. Portal for start-ups to submit applications for support under Mission to be launched. 600 quality standards for technical textile products, QCO issued.

Banking company stocks on Friday came under selling pressure at the stock exchanges, a day after the Reserve Bank of India (RBI) increased risk weight on consumer loans from banks and NBFCs by 25 percentage points to curb a build up in the unsecured loans books.