Early signs of stress in micro LAP, housing loans, CV portfolio: TransUnion Cibil

There are early signs of stress in micro loans against property (LAP), certain segments of housing loans, and commercial vehicle (CV) portfolio, even as overall asset quality remains stable, TransUnion Cibil said during an interaction with the media on Monday.

- AATHIRA VARIER

In the micro LAP segment, delinquencies have increased 45 basis points (bps) on an year-on-year (Yo-Y) basis to 3.3 percent in September, noted Cibil, a leading credit bureau. In the two-wheeler (2W) loan segment, early delinquencies measured as 90+ DPD (days past due) rose 22 bps Yo-Y to 2.2 per cent. There were also indications of growing stress in the CV segment. “While overall asset quality remains stable, recent trends indicate emerging stress in specific loan segments such as micro LAP and small-ticket housing loans. There are also early signs of stress in the commercial vehicle segment,” said Bhavesh Jain, managing director and chief executive officer (MD&CEO), TransUnion Cibil.