Anshika Kayastha

The affordable housing loan market in India is estimated to be ₹ 13 trillion, with Housing Finance Companies (HFCs) constituting ₹ 6.9 trillion and banks having a share of ₹ 6.2 trillion

Mumbai: The share of stressed loans has risen in the microfinance portfolios of Indian lenders across ticket sizes, adding to concerns about the sector.

NPCI had earlier said that no UPI (unified payments interface) app could account for more than 30% of UPI transaction volumes, but the deadline for for TPAPs to comply with this limit has now been extended twice already.

Users can now choose from more platforms and use their PPIs to make UPI payments, whether for paying bills, shopping online, or transferring funds.

The initiative, called ‘Netbanking 2.0', is currently being piloted with 10 banks, including most large private and public sector banks, two mid-sized private banks and one small finance bank, according to these people.

Q3 updates reveal private banks focused on deposits while public sector banks drove loan growth. Slower credit growth and tight liquidity loom as key challenges for lenders ahead.

The UPI platform processed 172 billion transactions in 2024, growing 46% on year.

Q3 is expected to be a weak quarter for lenders, including Axis Bank, as the sector continues to grapple with challenges such as tight liquidity conditions, tempered loan growth, and early warning signs of asset quality stress

CEO Ravi Subramanian is aiming for rapid growth through micro branches and a focus on underserved markets.

At the 17th edition of Mint Annual BFSI Summit and Awards, the RBI deputy governor said the average outstanding CDs have reached levels last seen in 2012 because differentiated banks are relying more on inter-bank deposits and wholesale funding.