Kotak Bank’s aggressive push leads to 81% jump in unsecured loans
Overall, the bank reported a 29 per cent on-year growth in advances during the reporting quarter at Rs 2,80,171 crore, from Rs 2,17,447 crore a year ago, and 3 per cent growth over the March 2022 quarter numbers when its loan book stood at Rs 2,71,254 crore. But as much as 35.2 per cent of this incremental advances are in the unsecured segment, which on annualised basis soared by 81 per cent to Rs 22,085 crore in Q1.
