Ravi Lalwani: What has been LoanTap's business growth in SME lending over the last 3 years? What are the top 3 regions, top 3 products, and top 3 industry sectors?
Ameet Venkeshwar: Over the last 3 years, our SME lending has grown with a CAGR of 53% with a growth of more than 170% over the last year. In India, the past few years have seen significant growth in SME lending and we been able to capitalize on that.
In SME lending, Bengaluru, DelhiNCR, and Pune emerge as top regions due to their vibrant entrepreneurial ecosystems. Key products driving growth are Purchase Invoice discounting, Working capital term loans, and Receivable Finance, which cater to diverse financing needs. Among industry sectors, FMCG, Pharma, and HoReCa (hotel/ restaurant/catering) businesses stand out, benefiting from specialized financial solutions tailored to their operational dynamics and growth trajectories. These regions, products, and sectors collectively highlight significant opportunities and demand in the SME lending landscape.
Briefly describe the most impactful improvements that have been made for SME customers during appraisal, onboarding, and ongoing servicing.
هذه القصة مأخوذة من طبعة August 2024 من Banking Frontiers.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 2024 من Banking Frontiers.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Key Russian central bank official leaves
The First Deputy Governor of Bank of Russia Olga Skorobogatova is leaving the central bank in early December.
Better prospects for Swiss banking in 2024, says new study
The year could see revitalization of the banking to some extent, finds the study by Swiss Bankers Association:
Ease of use, personalization & consistent engagement promotes digital loyalty
Murari Lal, Head - Digital Initiatives, Shivalik Small Finance Bank, delves into platforms, loyalty and Al:
From Feet on Street to Fingers on Screen
Nippon India Mutual Fund is driving into newer customer segments by leveraging voice and vernacular as the drivers, reveals the company's Chief Digital Officer Arpanarghya Saha:
Digitization embraces the senior citizens
Among other projects, Shriram Capital completely transformed the 2-wheeler loan origination system, reveals the company's Chief Digital Officer Ajay Thomas:
Making of the most connected bank in Bangladesh
A stream of digital initiatives is transforming Mutual Trust Bank and its customer engagement, reveals Khalid Hossin, who heads the bank's digital banking division:
Digital embraces Archaeological Tourism
Chief Digital Officers are leading tremendous transformation initiatives. Five CDOs reveal their fascinating journey and their ambitious goals:
Tech will bridge Advisory and Education
Venkatesh Naidu, CEO, Bajaj Capital Insurance Broking:
AI bridges Protection and Prevention
Gyanendra Singh, Chief Technology Officer, Aviva India:
Bridging Products & Distribution for Rural Markets
Vikas Mittal, Deputy CEO, and Amit Thapliyal, Chief Technology Officer, Magma HDI General Insurance:
