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Unsecured loans come back to haunt private banks after 13-year gap

ICICI Bank, Axis, among others see rise 'proforma' slippages in Q3

Topics
Banking sector | Personal loans | NPA slippage

Manojit Saha  |  Mumbai 



Loans, Retail loans

Banks are again facing stress in the unsecured loan segment, after a gap of 13 years. Most that had grown their unsecured loans portfolios like credit card and aggressively in the last few years are now seeing repayment falling overdue in the October-December quarter. However, those loans have not been classified as non-performing asset (NPA) due to the Supreme Court order in September that directed banks not to classify loans as NPA, which were not declared as NPA as on August 31, till further orders.

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First Published: Mon, February 22 2021. 15:54 IST

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