Performance of unsecured loans worsening, says India Ratings

"The performance of unsecured asset classes, such as microfinance loans, unsecured business loans and consumer loans, is worsening, given the borrower's depleted financial cushions and the nature of these loans," the report said.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/performance-of-unsecured-loans-worsening-says-india-ratings/articleshow/81544325.cms