You are here: Home » Markets » News
Business Standard

Covid-19 impact: Consumer lending may be most disrupted by lockdown

Categorised as unsecured loans, these will feel the brunt of weak demand and income disruption of borrowers

Topics
Coronavirus | Unsecured bank loans | Unsecured lending

Hamsini Karthik  |  Mumbai 

Money

A critical takeaway from RBL Bank’s media statement on its business updates pertains to its credit card business. “Acquisitions have stopped post the lock down, only digitally sourced cards being booked,” said the private bank. Further, credit card spends are down 40 per cent during the period and the bank expects a slight increase in credit cost in March. In a call hosted by UBS, HDFC Bank also stated that card swipes reduced in March. All these point at some stress brewing in consumer business (credit cards and personal loans, which are mainly unsecured) of banks and lenders. But how exacting can it be?

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, April 02 2020. 18:34 IST
RECOMMENDED FOR YOU
.