In 2020, around 29 percent of new credit borrowers in India chose a fintech platform to fund their expenses. Fintech was followed by regional rural banks (RRB) and non-banking financial companies (NBFC). The big private and public sector banks only reached shares of ten and nine percent, respectively.
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Inc42. (December 18, 2020). Share of new credit borrowers in India in 2020, by lending type [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1202499/india-share-of-new-credit-borrowers-by-lending-type/
Inc42. "Share of new credit borrowers in India in 2020, by lending type." Chart. December 18, 2020. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1202499/india-share-of-new-credit-borrowers-by-lending-type/
Inc42. (2020). Share of new credit borrowers in India in 2020, by lending type. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1202499/india-share-of-new-credit-borrowers-by-lending-type/
Inc42. "Share of New Credit Borrowers in India in 2020, by Lending Type." Statista, Statista Inc., 18 Dec 2020, https://www.statista.com/statistics/1202499/india-share-of-new-credit-borrowers-by-lending-type/
Inc42, Share of new credit borrowers in India in 2020, by lending type Statista, https://www.statista.com/statistics/1202499/india-share-of-new-credit-borrowers-by-lending-type/ (last visited September 01, 2024)
Share of new credit borrowers in India in 2020, by lending type [Graph], Inc42, December 18, 2020. [Online]. Available: https://www.statista.com/statistics/1202499/india-share-of-new-credit-borrowers-by-lending-type/