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Business Division Review: Personal Loan
Redefining our boundaries
our personal Loan vertical weaves convenience with conventional banking, creating a differentiated product portfolio. This vertical’s offerings primarily meet the requirements of the salaried individuals employed in the private or public sector.
We made significant progress in this segment during FY 2019-20, growing six times both in terms of disbursals and loan book. During the year, we expanded from 14 to 36 cities; and started focusing on the inclusion of the Tier-II cities. Additionally, we concentrated on maintaining asset quality at the expected threshold.
`83 crores Total disbursements
592% increase y-o-y
5,335
Customers
569% increase y-o-y
`79 crores
Gross loan book 618% increase y-o-y
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