The report, however, noted the issue of delinquencies, as it observed that the rate was high among borrowers with loans from multiple lenders and those with higher credit exposure.
The report highlighted that nearly half of the borrowers availing the unsecured loans have another live retail loan, often a high-ticket loan.
About 11 percent of borrowers with Personal Loans (PL) greater than Rs 50,000 had an overdue personal loan and over 60 percent had availed more than three loans during FYTD.
Moreover, nearly three-fifths of customers who availed of personal loans in 2QFY25 had more than three live loans at the time of origination. As a result, impairment is rising in unsecured loans.
This story is from the January 12, 2025 edition of The Business Guardian.
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This story is from the January 12, 2025 edition of The Business Guardian.
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