Finance
Mr. BillionhairRBI Unveils Shocking Truth: Unsecured Loans Rule Fintechs!
Folks, listen up! The RBI just revealed that a staggering 70% of fintech loans are unsecured—huge, right? Most of these loans are flying to young borrowers under 35. We're talking about a 36.1% surge in personal loans! But beware, small-ticket loans are a bit of a gamble. Fintechs are thriving, but we must stay vigilant about those pesky vulnerabilities!
few days ago | BS Reporter
Quick rundown
1.Unsecured loans dominate fintech portfolios.
2.Young borrowers are the primary recipients of fintech loans.
3.Fintech lending in the NBFC sector is on the rise.
4.Personal loans drive fintech growth significantly.
5.Asset quality in fintech loans shows improvement despite rapid credit expansion.
