HSBC aims to revamp the unsecured loan business

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.

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.

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