India’s Leading BFSI and FinTech Companies 2022

5 Executive Summary Naina R Acharya Associate Director - Data Operations, LEIG Dun & Bradstreet India In recognition to the pivotal role played by the BFSI and FinTech sectors in India’s economic growth, we are pleased to bring to you the 14th edition of the publication titled ‘India’s Leading BFSI & FinTech Companies’. Dun & Bradstreet India has been tracking progress of the BFSI sector for more than a decade. The publication profiles the leading companies within the BFSI sector comprising 82 Banks, 126 NBFCs, 20 FI/Financial Services, 46 Housing Finance Companies, 27 Micro Finance Institutions, 54 Insurance Companies, 25 Asset Management Companies and 37 Broking Houses. Additionally, the publication also profiles leading 171 Fintech Companies in India. Indian BFSI sector showcased significant resilience during FY21 and H1 FY22. The recuperating Indian economy has provided further impetus to the sector. This can be seen from the improvement in various key parameters of the BFSI segments. Some of the key highlights of the Indian BFSI and FinTech sectors that have been captured in the publication are as follows: • The asset quality of Scheduled Commercial Banks (SCBs) witnessed improvement with Gross Non- Performing Assets (GNPAs) declining from8.2% in FY20 to 7.3% in FY21 and further to 6.9% in H1 FY22 due to the delayed recognition of bad loans consequent to the moratorium and one-time restructuring facility availed by the RBI. However, the waning impact of relief measures and the ongoing geo-political crisis may lead to a potential increase in delinquencies for businesses. • Bank credit growth witnessed moderation in FY21 and averaged at 6% in FY21 as against 9.5% in FY20. However, the credit spiral turned upwards in FY22 with bank credit growth averaging at 6.2% in H1 FY22 supported by broad-based revival in loan demand. • Despite the pandemic induced disruption, NBFCs remained well capitalised, with their capital to risk- weighted asset ratio remained at 27% during FY21 and H1 FY22, well above the regulatory requirement of 15%. • The BSE Sensex and Nifty-50 gained substantially by 75% and 79% respectively during FY21 aided by robust foreign portfolio inflows. The gains in BSE Sensex and Nifty-50 however were capped at 18% and 26% respectively during H1 FY22 due to net outflows of foreign capital and rising input prices. • The assets under management (AUM) of mutual fund industry grew by 41% to ` 31.4 tn in FY21 and further to ` 37 tn in H1 FY22 largely driven by the rise in asset base of equity-oriented schemes. • In terms of profitability indicators, life insurance sector reported 12% y-o-y increase in net profit to ` 86.6 bn in FY21. General insurance sector reported net profit of ` 38.5 bn in FY21 as against a net loss of ` 14.9 bn in FY20. Dun & Bradstreet India has endeavoured to take a deep dive into the domain of BFSI and FinTech through its India’s Leading BFSI & FinTech Companies 2022 publication. We will continue to monitor the performance on the BFSI and FinTech sectors and keep the readers updated on various developments through future editions of the ‘India’s Leading BFSI & FinTech Companies’. We hope this publication is insightful and look forward to receiving your feedback and suggestions. Dun & Bradstreet