India’s Leading BFSI and FinTech Companies 2023

2 | India’s Leading BFSI and FinTech Companies 2023 [ MESSAGE FROM MD’S DESK ] Avinash Gupta Managing Director & CEO – India Dun & Bradstreet I have no doubt that the BFSI & Fintech segment will see more action in the days to come, and Dun & Bradstreet India will continue to be your most reliable knowledge partner in this endeavour. Banks • The banking credit grew by ~12% during FY22 led by services and retail sectors, credit growth to industry sector at 8 year high • Assets quality improving for most banks; controlled fresh slippages and healthy recoveries resulted in declining non-performing assets NBFCs • NBFC credit growth declined to single digits since IL&FS crisis; industry and retail loans, which forms two-thirds of NBFC credit had sub-par growth • Asset quality of NBFCs is on improvement trend with net NPA improved by 40 bps to 2.3% at end of Mar’22 Insurance • Indian life insurance sector New Business Premium (NBP) grew by 13% in FY22, primarily driven by 23% growth in private life insurers NBP • Net premium earned by non-life insurers gew by ~8% driven by growth in health insurance segment AMCs • Indian asset management industry witnessed a quarter average AUM growth of ~26% in FY22; total asset size reached record levels at INR 36.8 trillion • One of every three new folios added during the history of AMCs was during FY22 FinTechs • India occupied significant space in global fintech landscape: 14% share of funding, 2nd in deal volume and 4th in unicorn strength during 2017-21 period • Funding environment is becoming extremely difficult in wake of rising borrowing rates globally; funding declined by 47% in 2022 D&B has a long history of working with BFSI companies, both large and small. D&B enables you to make data-driven decisions by empowering you with a variety of data and analytics-driven products and solutions. D&B coverage of data on business entities across India - both corporate and non-corporate entities in terms of the static data availability - gives an overall perspective of the business landscape, industry overview and entity level 360-degree view of the past and current status. Adding to these D&B’s capabilities on managing and processing the dynamic consent-based data through the newly launched Credit Decisioning System, which can do predictive analytics for future trends and assessment. D&B can provide holistic services like portfolio monitoring, early warning signals, and can also partner with the BFSI companies in their customer prospecting and on-boarding journey as well. Dun & Bradstreet captures industry’s pulse and dynamics through our premier publication, ‘India’s Leading BFSI & Fintech Companies 2023’ . The major highlights of the BFSI sector are enumerated below Dun & Bradstreet