New Delhi: Data and management commentaries across NBFC/banks suggest rising delinquencies in unsecured loans, especially in small ticket size personal loans (STPL), less than Rs 50,000, and loans sourced via FinTech partnership, foreign brokerage Nomura said in a report. About 25 per cent of incremental origination by volume over the past two years came from small ticket personal loans (STPL), but it accounted for only 2.5 per cent of system PL by value. Further, In the June 2023 quarter, 51 per cent of borrowers who had taken small ticket personal loan already had more than four credit products at the time of taking another new loan (17 per cent in June 2019 quarter). Increase in delinqu
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