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Bank of Baroda bets on new digital platform to expand retail lending
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Synopsis
BoB has offered 1.25 lakh loans so far, roughly 80% od which are personal loans. The personal loans are capped at Rs 50,000 and are currently offered to only the bank s customers. Handa said BoB plans to increase the maximum ticket size to Rs 2 lakh and also offer the loans to non customers of the bank before the end of the month.
Agencies
BoB s push into retail comes even as the job and salary cuts caused by the Covid-19 pandemic has increased fears of loan defaults especially in the uncollateralised personal loans. ....

Sanjiv Chadha , Akhil Handa , Digital Lending Platform , Bank Of Baroda , Private Data Points , Retail Loans , சஞ்சீவ் சதா , டிஜிட்டல் கடன் நடைமேடை , வங்கி ஆஃப் பரோடா , ப்ரைவேட் தகவல்கள் பாயஂட்ஸ் , சில்லறை கடன்கள் ,