'Soaring unsecured book needs more buffers at NBFCs'

The sharp surge in unsecured lending has more observers highlighting risks and advising caution. After credit bureau TransUnion Cibil flagged concerns over the sharp rise in unsecured retail advances by banks and NBFCs, now rating firm India Ratings (Ind-Ra) has called for higher capital buffers and close monitoring of unsecured advances by non-bank lenders.

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