Credit card outstanding rises 29.6 pc to reach record high level in Jan

V Swaminathan, Executive Chairman, Andromeda loans, said while secured loans like mortgage loans and business loans have taken a backseat these days, the personal loan segment is growing. “Fresh graduates, who are just entering the workforce, are more financially aware than their predecessors and are actively trying to build their credit scores. With more fintech companies building a presence online and sharing information, youngsters are making more informed credit card purchases,” he said.