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US unsecured loan balances hit record high on demand from subprime customersUnsecured loans in the US saw a significant jump last year, reaching a record $276 billion. This growth was fueled by subprime borrowers an...- Consumer lending to grow 15-20% annually despite headwinds: InCred FinanceNon-banking finance company InCred Finance expects the consumer lending space in India to grow by 15% to 20% annually despite rising stress...
- Small ticket loans, a fintech-favourite, are seeing stress & banks are growing waryAs signs of stress emerge in the small-ticket personal loans sector in India, several banks are becoming cautious about engaging in the uns...
- 'Soaring unsecured book needs more buffers at NBFCs'The sharp surge in unsecured lending has more observers highlighting risks and advising caution. After credit bureau TransUnion Cibil flagg...
- Rating firms flag concerns over surge in unsecured loansAs per the data for large NBFCs ( assets under management or UM of Rs 10.3 lakh crore as of March 2023), the AUM grew 19% yoy in FY23, comp...
- Credit bureau flags risk of retail loan boomSome segments of retail credit require close monitoring to ensure sustained and long-term growth, said Rajesh Kumar MD and CEO of market ma...
- Credit Card default surges as retail credit growsCredit card payment defaults have surged in June 2023 despite the growth of credit card lending. Unsecured credit portfolios and small-tick...
- RBI may tighten norms for banks' unsecured lending: SourcesThe Reserve Bank of India (RBI) is looking to tighten scrutiny on the unsecured lending portfolios of banks amid the growing risk of potent...
- Home loan demand dips in December qtr as rate hikes pinchSince May 2022, the RBI has raised its benchmark repo rate by 250 basis points (100bps = 1 percentage point) to 6. 5% — which banks have pa...
- Unsecured personal loans top growth driver for banks, beat wholesale segmentIn absolute terms, unsecured loans were at ₹2.2 lakh crore between February 2022 and February 2023. This is almost double the amount banks ...
- Unsecured lending picking up amidst falling delinquenciesBorrowers inquiring about personal loans increased by 141 percent for the three month period ending May 2022 compared to 93 percent growth ...
- Consumer demand remains strong but delinquencies also inch up: Cibil dataDelinquencies in the LAP segment remain highest at 4.14% in November 2021, up 30 basis points from a year ago. One basis point is 0.01 perc...
- Women getting more credit conscious, also default less than men: Credit bureausWomen borrowers in the age group 36-50 have risen by 33 per cent since December 2017. While older women have been borrowing at an even more...
- Unsecured consumer loans grow most, credit card dues at Rs 1L croreUnsecured loans are growing even as secured retail advances such as auto loans, loans against property (LAP) and home loans saw moderate ra...
- Are millennials spawning next wave of NPA piles for banks?The number of millennials, opting for a new loan grew 58% as against a 14% growth in non-millennial segment.
- Consumer loans growing but some vintage loans indicate higher risk: CIBILCredit balances for consumer loan products grew 17.1% y-o-y in the quarter ended June 2019 compared to 23.5% a year earlier led by a more t...
- Default rate in small loans lowest, finds studyUnsecured loan disbursal is rising the fastest, but delinquencies there are still the lowest at 0.5%.
- Unsecured loans delinquency contained: Cibil StudyThe number of credit card accounts increased by nearly 32% in the last year to 36.9 million in CYQ3 2018.
- How to improve your chances of getting a loan and credit cardYour CIBIL report and score help banks decide on your loan application. That is why you must check these parameters before applying for a l...
- Responsible credit behaviour is cornerstone of financial freedomToday we have the freedom and opportunities to access finance for our goals and economic development in the form of loans and credit cards.
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