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Personal Loans Will Grow As Aspirations Rise, Says Kotak Mahindra Bank

Personal loans have grown nearly 16-20 percent over the last three years, says Kotak Mahindra.

Mahima Kapoor
Customers fill in forms as other customers wait in line to withdraw cash at a State Bank of India branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

The uptrend in personal loans in India is mirroring the surge in consumption demand and lifestyle aspirations, Kotak Mahindra's President of Consumer Banking, Shanti Ekambram told BloombergQuint.

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