Growth in personal loans offering likely to remain muted for Paytm

The growth in personal loans for fintech major Paytm may remain muted in the future and not replicate a three-digit year-on-year (Y-o-Y) growth that it recorded in the previous years, a person familiar with the matter said.  

Sources said the personal loans book may grow in the range of 30 to 40 per cent Y-o-Y on its current base. 

On a quarter-on-quarter (Q-o-Q) basis, the number of personal loans  the Noida-based fintech company disbursed has dropped 20 per cent from 0.3 million in the first quarter of this financial year (Q1FY24) to 0.24 million in Q2FY24, according to regulatory filings. However, the