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                            Mumbai, Maharashtra, India:
                         SIDBI and Equifax India launched the third edition of “Fintech Pulse,” a quarterly publication introduced in 2021 that highlights key trends of the fast-growing NBFC (Non-Banking Financial Company) fintech segment.“Fintech Pulse” aims to provide insights on trends within the Indian fintech industry – from disbursements to delinquencies to top growing states and top loan categories.

Key highlights of the latest report include:

The Indian fintech outstanding portfolio has shown a decline of 3% YoY. Personal loans outstanding portfolio has declined 9% YoY, while business loans outstanding portfolio grew by 8% YoY. Consumer and personal loans continue to be strong for NBFC-Fintechs with 84% share of active loans. Consumer loans constitute 44% by number of loans, and personal loans constitute 30% by value within the fintech loans. Business loans had the highest average ticket size of ~ Rs 6 lacs followed by personal loans at ~ Rs 15K and consumer loans at ~ Rs 9K. Urban geography has the highest fintech portfolio outstanding at 50%. Delinquencies rose by around 300 bp from Mar-20 to Mar-21 with all loan types have shown increase in delinquencies.
 
On the launch, Shri KM Nanaiah, Managing Director, Equifax Credit Information Services Pvt. Ltd. and Country Leader, Equifax India and MEA, said, “We are very pleased to present the third edition of ‘Fintech Pulse’ in partnership with SIDBI. This edition sheds light on how NBFC-Fintech lending fared pre and post-pandemic. In addition, the report has greater insights on impact of moratorium with a section devoted to it.”
 

ABOUT EQUIFAX INC.

At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 12,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.

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