For secured asset classes, the agency said, it has a stable performance outlook given the recovery in the economy in FY22
ICICI Bank, Axis, among others see rise 'proforma' slippages in Q3
Little leeway on pricing and asset quality at a tricky level could places both segments in a tight spot
Categorised as unsecured loans, these will feel the brunt of weak demand and income disruption of borrowers
The number of millennials opting for a new loan grew 58 per cent as against a 14 per cent growth in the non-millennial segment
As of March 2018, outstanding unsecured loans stood at around Rs 5 trillion, accounting for 26 per cent of retail lending, compared to 21 per cent three years ago