RBI is certainly ahead of many of their global peers in seeing danger signs of an overheating credit system and all these steps will ensure long term health of our lending system. That said it may cause short term pain to investors as we have seen with private sector lenders whose stock prices have taken a beating post RBI guidelines.
But still I will be more comfortable staying invested in Bajaj Fin’s, Kotak’s, HDFC’s given their track record, strong risk management processes and healthy balance sheets.
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