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Performance of unsecured loans worsening, says India Ratings

Performance of unsecured loans worsening, says India Ratings
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Last Updated: Mar 16, 2021, 07:44 PM IST
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Synopsis
The performance of unsecured asset classes, such as microfinance loans, unsecured business loans and consumer loans, is worsening, given the borrower s depleted financial cushions and the nature of these loans, the report said.
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For secured asset classes, the agency said, it has a stable performance outlook given the recovery in the economy in FY22.
With deteriorating financial conditions of borrowers, the performance of unsecured assets classes, including microfinance loans and unsecured business loans, is worsening, according to a report by India Ratings and Research. For secured asset classes, the agency said, it has a stable performance outlook given the recovery in the economy in FY22. ....

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