RBI increased the risk weight on consumer credit exposure - by 25 percentage points, from 100 percent to 125 percent.

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Banks and NBFCs will now have to set aside more capital to provide personal loans and credit cards.

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RBL Bank and SBI Card were two of the banking and NBFC stocks that were hardest hit by the RBI's revised personal-loan norms.

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RBL Bank's stock fell by 9.5 percent on November 17, 2023.

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SBI Card's stock fell by 6.7 percent on November 17, 2023.

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The RBI's revised personal-loan norms are likely to have a negative impact on the growth of unsecured lending in India.

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This could lead to lower profits for RBL Bank and SBI Card - in the future.

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