Bigger loans lift digital lenders’ books 28% as outstanding accounts decline
Digital lenders in India experienced a notable 28% increase in their personal-loan portfolios over the past year. The number of outstanding loan accounts slightly decreased to 5.64 crore, indicating a shift towards larger balances. New loan sanctions also surged by 50%, highlighting a strong demand for personal loans. Borrowers with limited credit histories and younger customers contributed significantly to this growth.
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