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Industry research

Non-Banking Financial Companies and Digital Lending in India

Built from 1 source: 1 independent research · latest Aug 2025

Market size and growth

India's retail credit stood at INR 82,00,000 Crore in FY25, registering a CAGR of 15.1% between FY19 and FY25. The Indian FinTech industry is estimated to reach INR 12,99,450 Crore by 2025. Digital payment volumes and credit demand drive growth across urban and semi-urban borrower segments. [1]

FigurePeriodValue
Retail Credit CAGR [1]FY2019–FY202515.1%
Digital Lending Growth CAGR [1]2023–202723.9% forecast

Companies in this industry on FinMinutes

Sources

  1. Independent research Crisil Intelligence / IBEF, Industry report in the offer document of Vaibhav VyapaarPublished 1 Aug 2025 · data as of FY25 · forecast to 2023-2027 · p.103, 110
Every figure on record (2)
TopicFigurePeriodValue
Market size and growthRetail Credit CAGR [1]FY2019–FY202515.1%
Market size and growthDigital Lending Growth CAGR [1]2023–202723.9% forecast

Frequently asked questions

Where do these figures come from?

Built from 1 source: 1 independent research. Each figure carries its source number, which links to the full source list with dates and page references.

Figures are quoted from the sources listed above, with their dates and page references. They are not FinMinutes estimates and are not a recommendation about any security. All industries →

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