The lending business has also been influenced by digitisation. A riveting evolution of digitisation across the lending landscape in India over the past few years can be attributed to increasing internet penetration, amplified smartphone usage, emergence of advanced technologies, a favourable regulatory environment, and rising customer expectations, especially after the onset of the pandemic.
With the advent of diversified fintech players and digital lending models, the number of loans disbursed via digital went up by nearly 12 times by the end of 2020. Private banks and NBFCs play a major role in the new lending ecosystem and accounted for 55 per cent and 30 per cent of loans disbursed through digital channels, respectively, in 2020. Though private banks have a major share in digital lending, NBFCs have a higher proportion of lending via digital mode (>10 per cent) as compared to banks (~0.2-0.3 per cent), according to the Reserve Bank of India’s (RBI) Report of the Working Group on digital lending, including lending through online platforms and mobile apps.
هذه القصة مأخوذة من طبعة March 06, 2022 من Business Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة March 06, 2022 من Business Today.
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
MAKING A BOLD BET
Schauna Chauhan is making a big bet on dairy, a difficult space in India, while also diversifying Parle's portfolio.
Growing Under Pressure
Nisaba Godrej has ensured that GCPL's growth stays on track even during tough times
WINDS OF CHANGE
IT'S STILL NOT EASY TO BE A WORKING WOMAN IN THE COUNTRY AND MAKE IT TO THE TOP. BUT COMPANIES ARE WORKING TO INCENTIVISE AND RETAIN WOMEN EMPLOYEES IN THE WORKFORCE BY OFFERING A RANGE OF BENEFITS.
QUEENS OF THE MARKET
THE NUMBER OF WOMEN FUND MANAGERS HAS MORE THAN DOUBLED FROM 18 IN 2017 TO 42 IN 2023. HOWEVER, WOMEN FUND MANAGERS STILL MAKE UP ONLY 8.88% OF THE TOTAL FUND MANAGERS PRESENT IN INDIA.
"India presents tremendous growth opportunities for IHH"
Singapore-based IHH Healthcare, which reported revenues of $4.55 billion in 2023, owns hospital chains Fortis Healthcare and Gleneagles in India.
APERFECT SCRIPT?
Adar Poonawalla’s decision to invest `1,000 crore in Karan Johar’s Dharma Productions is certainly intriguing.
"Viksit Bharat in reach if female workers increase"
Franziska Ohnsorge, the World Bank's Chief Economist for South Asia, on trends in female labour force participation rate, policy measures, and more
Ambuja Checks into Orient
The Adani Group-owned company has made five buyouts in less than two years and is hungry for more
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?