Generating New Lending Opportunities with Al

The business loan market has been steadily expanding in India, though the contribution of commercial banks seems to have dropped. According to RBI, the year-on-year growth of bank loans to the industry fell to 7.8% in January 2024 from 8.7% in the previous year. However, NBFC’s industrial credit outflows doubled from 6.1% to 12.8% during 2022-23, with industry analysts predicting the robust growth to continue. To capitalize on new opportunities, business leaders must revamp their loan processing systems and develop innovative strategies to address emerging needs.

Generating New Lending Opportunities with Al