India’s Leading BFSI and FinTech Companies 2023

CONTENTS 01 MESSAGE FROM MD’S DESK RE-SHAPING FOR BALANCED GROWTH BANKING: CREDIT GROWTH TO INDUSTRY AT 8 YEAR HIGH LEVELS 06 NBFCs: ASSET QUALITY ON IMPROVEMENT TREND FOR FY22 38 FINTECH: CHALLENGING FUNDING ENVIRONMENT 70 24 INSURANCE: NEW BUSINESS PREMIUM DRIVEN BY PRIVATE SECTOR FOR BOTH LIFE & NON-LIFE 62 ASSET MANAGEMENT: AUM AT RECORD LEVELS AT END OF FY22 82 BFSI & FINTECH AWARDS 2023 Managing Director & CEO Avinash Gupta Editor Vipul Oberoi Sub-Editor Naina Acharya Editorial Team Jaimin Shah Mihir Shah Rohit Pawar Ruchi Tiwari Design Team Mohan Chilvery Tushar Awate Sachin Panchal All rights reserved Except for any fair dealing for the purpose of private study, research, criticism or review as permitted under the Copyright Act, no part or portion of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher. How to reach us 7th Floor, Godrej BKC, G Block, Bandra Kurla Complex, Mumbai – 400 051 Maharashtra Tel No: 022 4941 6666 Dun & Bradstreet