Business
Digital Personal Loans Stay On Positive Trajectory In H1 FY26: Report
New Delhi: Digital non-banking financial companies (NBFCs) are now central to India’s personal loan market, significantly contributing to the expansion of formal credit, and digital personal loans remain critical to the nation’s credit landscape, a report said on Wednesday.
In the first half of the current financial year (H1 FY26), 6.4 crore digital personal loans, worth Rs 97,381 crore, were sanctioned, making up 80 per cent of all personal loan volumes and 19 per cent of sanction value.
“Meanwhile, the average sanctioned ticket size rose to Rs 15,177, compared to Rs 23,327 in the same period last year (H1 FY24 25),” RBI-recognised self-regulatory organisation, Fintech Association for Consumer Empowerment (FACE) said in its report.
Additionally, sanction volumes grew from 5.9 crore in H1 FY25 to 6.4 crore in H1 FY26, while sanctioned value increased from Rs 78,084 crore to Rs 97,381 crore, signalling stronger demand and improved underwriting quality.
“Ticket size growth indicates a shift toward higher value lending as borrowers build credit history and repayment performance continues to improve,” the report noted. At the same time, outstanding digital personal loan portfolios reached 5.99 crore accounts and Rs 1.28 lakh crore as of September, with portfolio quality improving to 2.1 per cent days past due (dpd) 90 plus.
FACE CEO Sugandh Saxena said: “The FinTech lending ecosystem is operating in sync with the public policy objective of digital financial inclusion for inclusive growth and resilience.” Access to formal, suitable, convenient, and safe digital credit options is critical to support individuals and the country’s consumption and resilience. India’s digital lending market is scaling sustainably on the foundation of customer-protection, prudence, and risk management, Saxena added.
Credit distribution continues to widen, with 60 per cent of sanctioned value from borrowers under 35 years, 17 per cent sanctioned to women, and 53 per cent originating from tier III and beyond, demonstrating sustained expansion of formal credit access into young and emerging segments, the report highlighted.
NEW DELHI: The Competition Commission has ordered a detailed probe against French spirits major Pernod Ricard and seven other entities for alleged cartelisation in the Indian-made foreign liquor market.The seven entities that have come under the watchdog’s lens are Indo Spirits, Pathway HR Solutions, Universal Distributors, Khao Gali, Bubbly Beverages, Shiv Associates and Organomix Ecosystems.Ordering the investigation, the regulator said it is of prima-facie view that Pernord Ricard’s restrictive conduct with its retailers/wholesalers, purportedly, to induce brand pushing and achieve higher market share in IMFL market in Delhi, falls within the purview of ‘exclusive dealing agreement’ under the Competition Act. Such conduct violates the Act, according to a 26-page order, dated May 5, by the Competition Commission of India (CCI). The complaint was filed before the CCI in 2024.CCI’s Director General (DG) will carry out the investigation that will also look into the role of the persons/officers who were responsible for the conduct of the activities of such entities as well as individuals whose consent or connivance was involved during the time of the contraventions.
More than half of tradespeople have seen an increase of late payments compared to a year ago, a survey finds.
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Pakistan takes major step with floating solar power project at Keenjhar Lake, Sindh – SUCH TV
Pakistan is taking a significant step towards promoting renewable energy and energy self-sufficiency with 243 million dollars floating solar power project on Keenjhar Lake in Sindh.
The 500 megawatt project has already been finalized and aims to promote renewable energy and reduce dependence on imported fossil fuels.
The floating solar system on Keenjhar Lake will provide an innovative solution for generating energy without using land and will help in efficient power transmission and meeting energy needs of industrial and urban areas.
This development is a significant step towards Pakistan’s 2030 environmental goals and self-sufficiency in the energy sector.
Cost of living crisis sees tradespeople having to chase debt
CCI to probe Pernod Ricard, seven others – The Times of India
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