RBI Report: Unsecured Retail Loans Drive Majority of Loan Slippages, Private Banks Face Higher Pain
1 hour agoBusiness
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1 SourcesMumbai, India
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RBI Report: Unsecured Retail Loans Drive Majority of Loan Slippages, Private Banks Face Higher Pain

A Reserve Bank of India report indicates that over half of retail loan slippages stem from unsecured products like credit cards and personal loans. Private banks show higher pain in this segment compared to public sector banks. Unsecured loans constitute a significant portion of slippages for private lenders, while fintech firms also show elevated impairment among borrowers with multiple unsecured loans.

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