Most banks not big on small personal loans

Bank chiefs have expressed concerns about the stress in unsecured loans, particularly in the fintech-driven digital lending of small-ticket personal loans. There is an expectation that the Reserve Bank of India (RBI) may make it more difficult for banks to lend to this segment, which is considered riskier. The State Bank of India (SBI) chairman stated that the unsecured book is better than the secured book, indicating that SBI does not extend loans below Rs 50,000.

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