RBI hasn’t defined what they consider a diversified book. Do they mean product diversification, geographic, income groups etc? No one knows yet.
If being concentrated in unsecured is not diversified, the same applies to being concentrated in secured. Most of the SFBs, and banks like Bandhan are highly concentrated in their home state which has and can have adverse effects.
So we will need to wait and watch what the RBI considers diversified and safe enough to be given a UBL.
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