While banks are blaming non-banking finance companies, especially fintechs which operate digital lending apps, for the sharp rise in unsecured loans, they themselves are sitting on over Rs 93,240 crore of unsecured loans which are in the special mention accounts (SMA) category, or loans which are showing signs of stress or repayment is overdue.
These special mention accounts are almost seven per cent of their total unsecured loan outstanding of Rs 13.32 lakh crore.
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