MUMBAI (Reuters) – India’s central bank has seen concerns of over-leveraging in unsecured lending and frenzy in capital markets, Deputy Governor Rajeshwar Rao said on Friday.
Rao, who is currently in charge of monetary policy among other departments at the Reserve Bank of India, said there was a need to ensure that excess financialisation through technology does not lead to over-leveraging.
(Reporting by Siddhi Nayak in Mumbai, writing by Hritam Mukherjee; editing by Sudipto Ganguly)
