HSBC India again stepping up unsecured lending
By Ankit Sharma
Sep 21, 2011
Print    Email    RSS   

Foreign lender HSBC's Indian operations is aiming to revamp the unsecured loan business again. The bank is aiming to reinitialise the growth mechanism of its credit card portfolio, informed the chief executive of the bank for Indian operations.

The global economic meltdown and its impact had led banks to become very conservative in their lending decisions thus leading to a huge recoil in the unsecured lending business.

But with the scenario improving now, banks are again gathering courage to venture into the segment.

"At this stage, we are well positioned to grow our unsecured book but we will do it in a cautious and calibrated way," Stuart Davis said.

"We won't be looking at open market sourcing as we did perhaps four or five years ago," he said.

This means customers holding accounts with HSBC would be the target segment.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

How to Manage Multiple Credit Cards?
Must have add-ons for luxury car insurance
Credit profile and its effect on loan...
HDFC Bank sets up common phone banking no.
Carnival of Indian Personal Finance Blogs #2

Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...

91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive