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.
President Donald Trump said he’s considering sending the National Guard to U.S. airports, two days after the administration deployed Immigration and Customs Enforcement agents to several major U.S. airports following hourslong waits for travelers because of the partial government shutdown.
In a Truth Social post Wednesday, Trump blamed Democrats for the shutdown, which began Feb. 14.
“Thank you to our great ICE Patriots for helping. It makes a big difference,” he wrote in his post. “I may call up the National Guard for more help.”
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Monday, March 23, 2026.
Elijah Nouvelage | Bloomberg | Getty Images
More than 11% of TSA officers called out on Wednesday and over 450 have quit since the shutdown started, the Department of Homeland Security said.
Elevated absences of Transportation Security Administration officers, who are required to work though they’re not getting paid during the shutdown, have contributed to long lines at major U.S. airports, including in Atlanta, Houston and New York.
The DHS, which oversees both ICE and and the TSA, said the ICE agents will “support airports facing the greatest strain” but the department didn’t respond to requests for comment on what the ICE agents’ duties are. ICE agents are getting paid in the shutdown.
Airlines have been warning customers about potentially long security lines, while executives grow increasingly frustrated with lawmakers about the impasse. On Tuesday, Delta Air Lines said it suspended its airport escorts and other special services for members of Congress and their staff because of the ongoing partial shutdown of the DHS.
The shutdown comes as Democrats in Congress have demanded changes to how federal immigration enforcement operates in exchange for releasing DHS funding after two U.S. citizens were shot and killed by ICE officers in Minneapolis.
Low-income families are being offered help with the cost of food during the Easter holidays.
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