Credit market on course to grow to $350 billion by year-end: Vivek Joshi

Monetary Companies Secretary Vivek Joshi on Tuesday mentioned the credit score market, led by the digital lending section, is heading in the right direction to develop to USD 350 billion (round Rs 3 lakh crore) by the tip of the 12 months.

The digital lending section stood at USD 270 billion on the finish of 2022, Joshi mentioned on the opening day of the fifth version of the worldwide fintech pageant right here.

The official additionally mentioned the nation’s fintech market is slated to develop thrice to USD 150 billion by 2025-end from USD 50 billion in 2021.

About 800 audio system and 50,000 delegates are attending the three-day international fintech summit.

(Solely the headline and movie of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)

First Printed: Sep 05 2023 | 6:05 PM IST

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