India’s Leading BFSI Companies 2020

LVIII With low income, lack of collateral and no credit history, a vast majority of the population is struck in a low-level equilibrium trap. Banks have raised concerns over compliance towards documentation, regulatory adherence and financial discipline followed by MSMEs. REASONS FOR LOW RETAIL CREDIT Low ticket size Inadequate collateral No credit history Volatile income Information asymmetry Inadequate collateral Inadequate documentation Lack of financial discipline Personal Front MSME Front Source:World Bank,WEF, IFC, D&B Analysis India has developed a strong tech ecosystem that can support innovations offering new value propositions.The time for incumbents to partner with Fintech firms is ripe BANKING-FINTECH DEVELOPMENT SPACE 0 25 50 75 100 1 2 3 4 5 6 7 Banking penetration (% of people with Bank account) Networked Readiness Index – (Readiness sub index) Bank dominance Race to the Finish Partnering Tech dominance India Dun & Bradstreet