Bengaluru, Oct. 7 -- Fintech lending growth has cooled following the Reserve Bank of India's (RBI) clampdown on unsecured lending. But risk metrics have not eased much, with delinquency and deep‑stage stress remaining elevated, according to credit bureau CRIF High Mark's latest report.

Active loans grew 25.6% year-on-year to a Rs.2.1 trillion portfolio by June, slower than the 29.6% year-on-year growth when portfolios were Rs.1.6 trillion in June 2024. Yet the most severe stress has risen: fintech loans that are 180 days past due (DPD) climbed to 8.6% in June 2025 from 7.1% a year ago, while DPD 91-180 edged up to 2.1% from 2.0%, and DPD 31-90 remained elevated at 2.8%.

Across India, the loan stress was highest in Delhi, followed ...