Worrying trend in personal loans and unsecured credit

Also, *unsecured* is the point to be noted. These are loans not given against ANY collateral whatsoever. So there is a necessity for a cushion for the system to absorb shocks on account of non-payment or delays in payment.

It's a story we have seen before. 2/n

— Mayank (@AZenGuy) December 6, 2019