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ā¢ RBI governor's speech at the FIBAC conference highlights the risks to financial stability from exuberant retail lending, contagion risk from NBFC-bank interconnection, and algorithm-based retail lending.
ā¢ The central bank's concerns are reminiscent of the NBFC crisis of 2017-18 and may lead to additional regulatory tightening.
ā¢ The risks are not just with healthier NBFCs, but are spread across the board, and lenders should not be complacent about potential delinquencies.