ADVERTISEMENT

BFSI - Digital Mode Constitutes More Than 10% Of Total Lending For NBFCs, 2% For SCBs: ICICI Securities

BFSI - Digital Mode Constitutes More Than 10% Of Total Lending For NBFCs, 2% For SCBs: ICICI Securities

<div class="paragraphs"><p>A man holds a two thousand Indian rupee banknote for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
A man holds a two thousand Indian rupee banknote for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Total global alternative credit (i.e. credit through fintechs and bigtechs) in 2019 stood at $795 billion, of which share of fintechs stood at $223 billion and bigtechs $572 billion.

In India, lending through the digital mode is still in a nascent stage at Rs 1.1 trillion for banks versus Rs 53 trillion via physical mode.

For non banking financial companies, the share of digital lending stood at Rs 0.23 trillion versus Rs 1.9 trillion via physical mode.

The Reserve Bank of India’s working group on digital lending presents interesting insights on player-wise, product wise and tenure-wise lending via digital mode.

While banks have been increasingly adopting innovative approaches in digital processes, NBFCs have been at the forefront in digital lending.

Click on the attachment to read the full report:

ICICI Securities BFSI Digital Lending.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.