Business StandardDec 13, 2021Atleast 50% of retail, MSME loans to move to digital lending: Union Bank MDWith digitization gaining pace, close to 50 per cent of retail and MSME loans offered by banks will shift to digital lending platforms over the next two to three years, Union Bank of India's Managing Director and CEO Rajkiran Rai G said on Thursday.Rai said digital lending is changing the banking landscape in a big way because of the availability of data and many ecosystem partners collaborating with banks."I feel that at least 50 per cent of the loans under retail and MSME segments will move to the digital lending platforms, right from sourcing to documentation level, in two to three years," Rai said while speaking at Sibas 2021, an annual banking and finance conference.Read more at Business Standard
With digitization gaining pace, close to 50 per cent of retail and MSME loans offered by banks will shift to digital lending platforms over the next two to three years, Union Bank of India's Managing Director and CEO Rajkiran Rai G said on Thursday.Rai said digital lending is changing the banking landscape in a big way because of the availability of data and many ecosystem partners collaborating with banks."I feel that at least 50 per cent of the loans under retail and MSME segments will move to the digital lending platforms, right from sourcing to documentation level, in two to three years," Rai said while speaking at Sibas 2021, an annual banking and finance conference.Read more at Business Standard
