unsecured loans

Moody's Ratings has identified Indian banks as highly exposed to Middle East crisis risks due to the nation's significant energy import dependence. Sustained high oil prices could pressure inflation, interest rates, and borrower cash flows, impacting loan quality. Despite these challenges, Indian banks possess adequate capital and provisioning buffers to absorb potential credit losses.

Bengaluru faces a surge in economic crimes. Over three years, one offense occurred every 2.5 hours. Forgery, cheating, and fraud dominate these cases. This indicates a shift from physical theft to financial deception. Police face challenges due to cross-state networks and digital methods. The city's crime profile is changing.

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.

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.