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Major banks scale back unsecured retail lending amid risk caution
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HDFC Bank and ICICI Bank pull back from unsecured retail loans as they prioritise asset quality and risk control.
HDFC Bank and ICICI Bank, two of India’s largest private lenders, have slowed growth in their unsecured personal-loan portfolios in Q2 FY26, citing concerns over asset quality and regulatory pressure. They are focusing on secured retail lending and deposit growth, signalling a tightening of risk appetite in the banking segment despite favourable macro-conditions.