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Bank Chiefs Raise Alarm on Fintech-Driven Small Personal Loans
November 06, 2023
IndusInd Bank Chief, Sumant Kathpalia, clarified that the stress isn’t in personal loan portfolios but rather in low-value loans, particularly those below Rs 50,000 or Rs 70,000. He highlighted that personal loan flows haven’t significantly increased. Though small-ticket personal loans exhibit some stress, other segments remain stable. ICICI Bank had previously indicated similar concerns, underscoring the need for vigilance in the face of evolving lending landscapes.
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