India’s Leading BFSI and FinTech Companies 2023

India’s Leading BFSI and FinTech Companies 2023 | 7 [ INDIAN BANKING SECTOR OVERVIEW ] tourism, hotels and NBFCs sub-sectors. Credit to retail sector grew by 13.6% in FY22 driven by sub-sectors like housing, auto and credit card spends. During FY22, credit to the housing sector accelerated, led by private sector banks, amid low and declining gross NPA ratios. The education loans had been on decelerating since March 2016 against the backdrop of high NPAs for this sub-sector. Outstanding Indian scheduled commercial banks credit split (%), FY20 to FY22 32% 31% 30% 26% 28% 29% 27% 26% 27% 12% 13% 13% 1% 2% 2% FY20 FY21 FY22 Other non-food Total value in ` trillion 100.4 105.8 117.9 Agriculture Services Retail Industry Source: RBI Industry sector break-up of loans (%) as on Mar’22 Services sector break-up of loans (%) as on Mar’22 Retail sector break-up of loans (%) as on Mar’22 Large MSME Medium 74% 18% 8% Total: ` 33.7 trillion NBFCs Trade Commercial Real Estate Tourism Computer Software 44% 37% 14% 3% 1% Total: ` 20.9 trillion Total: ` 33.9 trillion 52% 5% 11% 2% 30% Housing Auto Credit Card Others Education Source: RBI Dun & Bradstreet