Share of total number of digitally disbursed SCB loans in India FY 2017-2021

Published by Sandhya Keelery, Aug 30, 2024
There was a gradual growth in disbursement of loans through digital channels in India from 1.43 percent in the financial year 2017 to around six percent in the financial year 2021. However, the country is still at a nascent stage in terms of digital lending.

Share of total number of digitally disbursed scheduled commercial bank loans in India from financial year 2017 to 2021

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Release date

November 2021

Region

India

Survey time period

FY 2017 to FY 2021

Special properties

calculated over total number of loans

Supplementary notes

*The values for the financial year 2021 are available until December 31, 2020.

India's financial year begins in April and ends in March. For example, FY 2021 started in April 2020 and ended in March 2021.

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