unsecured loans

S&P Global in its latest report titled India's Strong Fundamentals Would Cushion The Blow Of An Oil Shock says India is equipped to handle some strain. The report assumes a base case scenario of oil prices at an average of $130 per barrel for 2026 and $100 in 2027.

Digital lending platform KreditBee has secured $280 million, achieving a $1.5 billion valuation and joining the unicorn club. The funding will bolster its lending book and balance sheet, preparing the company for an upcoming IPO. KreditBee reported strong revenue and profit growth in the last financial year, emphasizing risk management as a core strategy.

Public sector banks have significantly expanded their market share in key secured lending segments like auto and home loans over the past year. This growth comes as private banks and NBFCs continue to dominate unsecured consumer credit, with PSBs increasing their presence in previously private-dominated areas.

The troubled non-bank lenders' segment is "defying caution" and growing the riskier unsecured loans portfolio at a pace of 25 per cent in the current fiscal, a report said on Thursday.

Small businesses are emerging as the biggest drivers for unsecured loans, with a 73% year-on-year growth in demand from MSMEs in the September quarter. The demand is mainly from smaller cities, which experienced faster growth than metros during the quarter leading up to the festival season, an analysis of loan demand from 700 cities conducted by Paisabazaar showed. In Q2, demand in non-metro cities increased by 74%, while in metro cities, it grew by 69%.

HDFC Bank unsecured loan portfolio has crossed Rs 1 lakh cr, which is nearly 14% of the bank's advances portfolio. Considering that the bank's push into this segment began around 2015 with its instant digital loans, the expansion makes it the fastest growing segment. "With monthly disbursements of over Rs 8,000 cr we have now reached an inflection point," an official said

The compound annual growth rate of unsecured loans by NBFCs has reached 32% from FY2017 to FY2024, propelling the share of unsecured retail loans to 14% of overall credit. This surge, driven by microfinance, personal, and SME loans, has significantly improved the market position of NBFCs in the financial sector, leading to increased regulatory oversight.

The online platform has reached this milestone in 49 months, with year-on-year growth of over 170% for unsecured loans, according to a statement from the company.

More evidence of unsecured loans from Nitin Gadkari and business houses closely associated with the BJP president to companies that are key shareholders of Purti Group have emerged.

Credit card balances and personal loans have recorded the highest growth rates as lenders expand the market, providing finance to those who had not borrowed before. Credit cards and personal loans recorded growth rates of 40.7% and 28%, respectively, year-on-year (YoY) in July-September (Q2FY20).

Personal Loan also referred as consumer loan, is loan money granted to a person for any personal, household, business or commercial purpose. This kind of loan can be taken for any random reason varying from vacation to marriage and from fixing a refrigerator to pay somebody’s debt.

JPMorgan Chase expresses concerns about China's property crisis and the potential risks of allowing banks to offer unsecured loans to developers. This move could raise concerns about national service risk and credit risk. The implementation of this measure would be challenging as banks might circumvent the guidance due to credit risk concerns. China is considering letting banks give loans to certain construction companies without collateral to address the property crisis. JPMorgan recommends buying property shares and selling bank shares if unsecured loans become a reality.

India's central bank is becoming increasingly uneasy as a deluge of unsecured loans inundates the banking system. To control the surge, the RBI elevated the risk weight assigned to specific unsecured loans. What does this mean for lenders?

Paisabazaar shifted its focus from unsecured to secured lending due to RBI's new directions. The firm partnered with 25 lenders for secured loans and aims to be a leading home loan platform. It plans to deploy 300 field staff in major cities and offer various secured loan products, reflecting market trends.

: HDFC Bank and Paisabazaar.com on Tuesday announced that they have disbursed unsecured loans worth Rs 1,000 crore till date.

Banks in India are experiencing a rise in stress related to small unsecured personal loans, as low-income borrowers struggle to repay their dues. Yes Bank and Kotak Mahindra Bank have reported higher delinquencies compared to last year, while ICICI Bank has noted a rise in delinquencies in the below Rs 50,000 segment. The Reserve Bank of India (RBI) has raised concerns about the increase in unsecured loans and is closely monitoring the situation. Some banks have already taken steps to tighten underwriting policies in response. RBL Bank has also made provisions for unsecured loans and credit card defaults.