The trends and market share are based on disbursement value.
Fintech lending Trends: Fiscal 2023 saw 49% spike
Updated: 30 Aug 2023, 03:20 PM IST
FinTech and digital lending are becoming prominent in banks and NBFCs, encompassing asset classes including retail products such as personal, consumer, and business loans. The number of loans in FY22-23 spiked to 7.10 crore, indicating an increase of 49% YOY compared to 4.77 crore in FY21-22.
First Published: 30 Aug 2023, 03:20 PM IST