People say banks will be dead Fintech's will rule lending, so lets clear some air form RBI data
Loans through Digital Channels by Banks and NBFCs-growing year on year
NBFCs are far ahead, disbursing around 60% of their loans through Digital compared to 6% for banks (by count)
1/n
Loans through Digital Channels by Banks and NBFCs-growing year on year
NBFCs are far ahead, disbursing around 60% of their loans through Digital compared to 6% for banks (by count)
1/n
Share by value of loans disbursed - Private banks share in Digital loans is 55%, NBFCs have a 30% share by value.
2/n
2/n
%age share of type of loans by Banks and NBFCs
BNPL
Veh Loans
Personal Loans
Gold Loans
SME Loans
3/n
BNPL
Veh Loans
Personal Loans
Gold Loans
SME Loans
3/n
NBFCs have the largest share in <30 days loans which is mainly interest free BNPL
Banks have 87% of their total loans as interest bearing loans which are > 12 months
4/n
Banks have 87% of their total loans as interest bearing loans which are > 12 months
4/n
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