Kotak Mahindra Bank revisits unsecured lending strategy after RBI alert
Wed, Feb 28, 2024 9:50 AM

Kotak Mahindra Bank revisits unsecured lending strategy after RBI alert

A Flip by Riya Sharma
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Kotak Mahindra Bank reviewed its unsecured lending strategy after the Reserve Bank of India recently geared up to curb the rampant growth in unsecured  loans in the system, said Virat Diwanji, group president and head of consumer banking. “When the regulator raised a word of caution (on unsecured loans), we went and relooked at our algorithms and corrected as required.

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