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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
₹74,500 crore disbursed via Account Aggregator in H1 FY25: Sahamati report
Digital lenders, non-banking financial companies (NBFCs), and banks have collectively disbursed an impressive Rs 74,500 crore through the Account Aggregator (AA) framework in the first half of the current fiscal year, according to a report by Sahamati, the industry alliance supporting the AA ecosystem. Among these, the top eight lending institutions, which account for 62% of the consents, reported a total disbursement of Rs 46,200 crore.
Since its inception in September 2021, the AA framework has enabled total disbursements of Rs 1.3 lakh crore, with the top lending institutions contributing Rs 88,700 crore of this amount, the report showed.
In the first half of fiscal year 2025, lenders utilized the Account Aggregator framework to facilitate 5.47 million loans, bringing the total to 9.70 million loans since the launch of the ecosystem.
The average loan ticket size in the first half of this fiscal year was Rs 84,507, slightly lower than the cumulative average of Rs 92,086 since September 2021, indicating a small decline in loan size over time.
The AA ecosystem is seeing significant growth in the lending sector, with an estimated 10.52% of personal loans now being facilitated through this framework. MSME lending penetration has surpassed 1.14%, while motor loans account for 1.50%, showing broadening adoption across key lending sectors.
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«The AA ecosystem is experiencing strong adoption among salaried individuals, self-employed professionals, and small businesses,» Sahamati highlighted in its report.
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