More than half of the overall retail loan slippages are coming from unsecured products like credit cards and personal loans, data from the Reserve Bank of India (RBI) showed.

The share of private banks in fresh slippages of unsecured loans was higher than their public sector peers and their write-offs continued to remain elevated, the RBI said in its half-yearly Financial Stability Report.

Unsecured loans contributed nearly 76% share in slippages for private sector lenders against 15.9% for public sector banks during the first half of FY26 ended September, the RBI said.

At an aggregate level, however, the gross non-performing assets (NPAs) ratio from the unsecured portfolio at 1.8% remained "stable" when compared to the 1.1% figure for overall retail advances.

"Slippages in unsecured retail loans constituted 53.1% of the total retail loan slippages of scheduled commercial banks. Among bank groups, the share of private banks in fresh slippages of unsecured loans was higher," the report said.