Unsecured lending drove digital lenders rebound in FY26. But risks could re-emerge.
The recovery was led by unsecured personal loans, which formed the bulk of portfolios in FY26. KreditBee grew its assets under management to ₹10,200 crore in FY25 and is expected to reach ₹14,700 crore in FY26, implying 45% year-on-year growth. Kissht, which reported an 18% decline in FY25 net profit to ₹160.6 crore, posted ₹122 crore profit in the first half of FY26. Moneyview, meanwhile, reported ₹2,373 crore in revenue in the first nine months of FY26, already surpassing its FY25 revenue.
