RBI Advises Borrowers to Avoid Overleveraging

The Reserve Bank of India (RBI) says the country's banking sector remains strong and stable. However, the latest Financial Stability Report highlights a continued rise in household debt as more people borrow through loans and credit cards.

The RBI advises borrowers to avoid excessive debt and manage repayments responsibly. A strong credit score and timely payments remain essential for easier access to future loans and better borrowing terms.