Cut in FY21 unsecured loans may ease banks’ Covid pain

Kotak Mahindra Bank said during its earnings call that it has reduced its unsecured portfolio to 5.8% of the loan book in FY21 from 7.5% earlier. Given that the bank had hardly grown its loan book during the year, it meant that the lender had shrunk its unsecured book.

from Stocks-Markets-Economic Times https://ift.tt/3tDiIPE