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Mumbai: Microlender CreditAccess Grameen plans to foray into secured lending segments like mortgages, gold loans and two-wheeler loans, in an attempt to diversify its product base, Udaya Kumar Hebbar, managing director and chief executive said on Wednesday.

“We do secured loans but it is very small. Maybe, in five years, we may be doing 5,000-6,000 crore of non-microfinance loans and a majority of this will be secured loans," said Hebbar.

ABOUT THE AUTHOR

Shayan Ghosh

Shayan Ghosh is a national writer at Mint reporting on traditional banks and shadow banks. He has over a decade of experience in financial journalism. Based in Mint’s Mumbai bureau since 2018, he tracks interest rate movements and its impact on companies and the broader economy. His interests also include the distressed debt market, especially as India’s bankruptcy law attempts recoveries of billions worth of toxic assets.
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