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The future posits that NBFCs will continue to experience robust growth with minimal instances of delinquencies if the credit flow doesn't stop and the risk mitigation mechanisms improve.
Nano-businesses are now aggressively ditching moneylenders that charge up to 90per cent annualized interest rates on loans towards loan aggregator platforms
While the base of the pyramid is served by microfinance institutions and corporates are served by banks, the MSME segment has always had few alternatives
The easier and cheaper credit through digital lending has the potential to start a virtuous cycle of formalization, so much so that up to 85 per cent of MSMEs could be formal by 2023