Fintech lenders continued to tighten their grip on India's small-ticket personal loan market, accounting for more than half of all loans below Rs 50,000 by March 2026, even as rising delinquencies signalled growing stress in the segment. According to the Reserve Bank of India's latest data from the Financial Stability Report, fintech firms held a 56.8% market share in personal loans below Rs 50,000 as of March 2026, up on the back of a 41.6% year-on-year expansion in credit—more than double the overall segment growth of 20.1%.