SCB: Credit Outstanding: Non Food: Industry: Basic Metal and Metal Products: Iron and Steel data was reported at 3,244,160.324 INR mn in Oct 2025. This records an increase from the previous number of 3,125,844.634 INR mn for Sep 2025. SCB: Credit Outstanding: Non Food: Industry: Basic Metal and Metal Products: Iron and Steel data is updated monthly, averaging 2,646,120.000 INR mn from Mar 2003 (Median) to Oct 2025, with 272 observations. The data reached an all-time high of 3,261,810.000 INR mn in Mar 2018 and a record low of 254,960.000 INR mn in Dec 2003. SCB: Credit Outstanding: Non Food: Industry: Basic Metal and Metal Products: Iron and Steel data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Monetary – Table IN.KAH: Scheduled Commercial Banks: Credit: Gross Outstanding: by Sector.

Key information about India Total Loans

• India Total Loans was reported at 2,125.086 USD bn in Jun 2025
• This records an increase from the previous number of 2,120.268 USD bn for Mar 2025
• India Total Loans data is updated quarterly, averaging 939.826 USD bn from Dec 1998 to Jun 2025, with 107 observations
• The data reached an all-time high of 2,125.086 USD bn in Jun 2025 and a record low of 82.701 USD bn in Dec 1998
• India Total Loans data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Loans: USD: Quarterly

India Foreign Direct Investment: Outflow: Loan: Community, Social and Personal Services data was reported at 1.536 USD mn in Oct 2018. This records a decrease from the previous number of 6.030 USD mn for Sep 2018. India Foreign Direct Investment: Outflow: Loan: Community, Social and Personal Services data is updated monthly, averaging 7.274 USD mn from Aug 2007 (Median) to Oct 2018, with 133 observations. The data reached an all-time high of 257.815 USD mn in Sep 2015 and a record low of 0.010 USD mn in Aug 2007. India Foreign Direct Investment: Outflow: Loan: Community, Social and Personal Services data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Investment – Table IN.OA027: Foreign Direct Investment: Outflow: by Industry.

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Digital Lending Market Size 2024-2028

The digital lending market size is forecast to increase by USD 34.56 billion at a CAGR of 26.63% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing adoption of advanced fintech technologies in the lending process. This shift towards digital solutions is evident in the rise of cloud-based digital lending servicing software offerings, which streamline operations and enhance the borrower experience. However, this market landscape is not without challenges. Compliance, cybersecurity and regulatory hurdles related to lending continue to pose significant obstacles. As regulatory bodies impose stricter rules to ensure transparency and security in digital transactions, lenders must invest in robust compliance frameworks to mitigate risks and maintain regulatory compliance.
Navigating these challenges while capitalizing on the opportunities presented by digital transformation requires a strategic approach. Companies must prioritize investments in technology and compliance to stay competitive and meet evolving borrower demands. By doing so, they can effectively navigate the market's complexities and position themselves for long-term success.

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The market continues to evolve, shaped by the intersection of technology, financial services, and global migration. Banks and money transfer operators are leveraging digital transfer platforms and electronic wallets to cater to the needs of migratory workers, international residents, and businesses. Creditworthiness assessment through data analytics and machine learning algorithms is revolutionizing personal loan applications, while regulatory requirements ensure financial security. Technology plays a pivotal role, with smartphones and mobile devices enabling mobile banking, mobile payments, and online loan applications. Digitalization is transforming wire transfer services, leading to reduced money transfer costs and increased customer satisfaction.
However, this digital shift brings challenges, including cyberattacks and data breaches, necessitating robust cybersecurity measures. Regulators are implementing regulations to mitigate risks, such as money laundering and terrorism funding, while ensuring the seamless operation of digital remittance businesses. The digitalization of cross border payments is accelerating, with blockchain technology and artificial intelligence being explored for faster and more secure transactions. The services segment, including consulting and implementation, is crucial for financial organizations to navigate this complex digital landscape. Digital lending is not just about loans; it's about enhancing the customer experience and ensuring financial inclusion for all.
The ongoing digitalization of financial services is a continuous process, with new trends and applications emerging constantly.

How is this Digital Lending Industry segmented?

The digital lending industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Component

  Solution
  Service


Deployment

  On-premises
  Cloud


End-User

  Banks
  Credit Unions
  NBFCs
  Fintech


Type

  Business Digital Lending
  Consumer Digital Lending


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Component Insights

The solution segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth, driven by advancements in technology and the increasing demand for faster and more convenient financial services. Banks and financial institutions are embracing digitalization to offer digital transfer platforms and mobile banking, enabling real-time loan disbursement and processing. International remittances are also being revolutionized through digital remittance services, reducing costs and increasing accessibility for migratory workers and international residents. Creditworthiness assessment through data analytics is a crucial aspect of digital lending, ensuring financial security for both borrowers and lenders. Money transfer operators and digital wallets facilitate seamless money transfers, while regulatory requirements ensure compliance and cybersecurity.

The use of artificial intelligence and machine learning in digital lending enhances customer experience and streamlines loan applications. Mobile devices and internet speed are essential infrastructure components for digital lending, en

The overall number of mobile downloads of finance apps across India exceeded *********** in 2021. This could be attributed to the Digital India campaign and the government's designs to make India a cashless economy, resulting in a ** percent year-on-year growth in global finance app downloads. Financial apps cover services ranging from banking and managing personal finances to mobile payments.

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Automotive Financing Market Size 2024-2028

The automotive financing market size is forecast to increase by USD 17.6 billion at a CAGR of 3.52% between 2023 and 2028. The market is experiencing significant growth due to several key trends. One major trend is the rise in cab service financing, as ride-hailing companies continue to expand their fleets. Another trend is the increasing investment in autonomous vehicles, which is expected to revolutionize the automotive industry and create new automotive financing opportunities. Additionally, the rise in ride-sharing services has led to a higher demand for flexible financing options for both personal and commercial vehicles. These trends are driving the growth of the market, offering significant opportunities for market participants. Technological advancements, such as artificial intelligence, blockchain, digital payments systems, and online/mobile banking, are transforming the automotive financing sector, providing more convenient and efficient financing solutions for consumers.

What will be the Size of the Automotive Financing Market During the Forecast Period?

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The market is a significant segment of the broader automotive industry, encompassing the funding of new and used vehicle purchases, as well as leasing and commercial vehicle financing. Sales activities in this sector have been driven by technological advancements, including the emergence of electric vehicles and the increasing adoption of autonomous vehicles. Banks, credit unions, captive automotive financing companies, and digital platforms are key players in the market. The loan-to-value ratio, year-on-year growth, and demand shock are crucial factors influencing the market's dynamics. Cryptocurrency is also gaining traction as a potential financing option, adding another layer of complexity to the market.

Automotive Financing Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Used vehicle
  New vehicle


Type

  Passenger vehicle
  Commercial vehicle


Geography

  APAC

    China
    India
    Japan


  Europe

    Germany


  North America

    US


  South America



  Middle East and Africa

By Application Insights

The used vehicle segment is estimated to witness significant growth during the forecast period. The global market is experiencing significant growth in the initial phase of the digital era, with online and mobile banking playing a pivotal role in the process. Car-sharing, ride-hailing, car rental, and aggregators such as Uber have revolutionized the industry, leading to increased demand for flexible financing solutions. OICA reports indicate that new loans for pickup trucks and light commercial vehicles in the used cars sales segment have seen a rise during the lockdown. Vehicle prices, vehicle categories, and loan buyers are key factors driving the adoption of online loan services through mobile/web-based platforms. The global automotive industry is witnessing intense competition among financial institutions, captive finance companies, and private counterparts, offering transparent financing processes to build trust with customers.

Furthermore, new vehicle segment financing and used vehicle segment financing have their unique challenges, with vehicle maintenance, insurance, and interest rates being critical considerations. Online sales portals and connected cars are further disrupting the market, offering convenience and flexibility to consumers. Overall, the market presents numerous business opportunities for stakeholders in the value chain.

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The used vehicle segment was valued at USD 44.30 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 67% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The global market is witnessing significant growth in the initial phase of the digital era, with the adoption of online and mobile banking solutions enabling faster loan approvals in minutes. The emergence of car-sharing, ride-hailing, and car rental services through aggregators like Uber and rental companies has created new business opportunities in the industry. In the used cars sales segment, the lockdown has led to an increase in online sales portals and the prices of vehicles in various categories, including Pickup trucks and light commercial vehicles. Fi

The advances given out by the HDFC Bank Limited was over ** trillion Indian rupees in the financial year 2024. This was an increase from the previous year. During the same period, the bank had deposits of over ** trillion rupees. HDFC Bank is an Indian banking and financial services company headquartered in Mumbai. HDFC Bank was the leading private sector bank in the country based on market capitalization as of May 2023.

Minority-Interest-Expense Time Series for ICICI Bank Limited. ICICI Bank Limited, together with its subsidiaries, engages in the provision of various banking and financial services to retail and corporate customers in India and internationally. The company operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. It accepts savings, salary, pension, current, trade, escrow, foreign currency, and vostro accounts, as well as time, fixed, recurring, and security deposits services. The company also provides home, car, two-wheeler, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, including working capital finance, term loans, collateral free loans, loans without financials, finance for importers and exporters, and overdraft facilities, as well as loans for new entities and card swipes; and credit, debit, prepaid, travel, forex, and corporate cards. In addition, it offers pockets wallet; fixed income products; investment products, such as mutual funds, gold monetization schemes, initial public offerings, and other online investment services; and agri and rural business, farmer finance, tractor loans, and micro banking services. Further, the company provides portfolio management, trade, foreign exchange, locker, private and NRI banking, and cash management services; family wealth and demat accounts; commercial and investment banking, capital market, custodial, and institutional banking services; health, personal accident, fire, and motor insurance, as well as distributes general and life insurance products; and Internet, mobile, and phone banking services. Additionally, it offers securities investment, broking, trading, and underwriting services; and merchant banking, trusteeship, housing finance, pension fund management, asset management, investment advisory, points of presence, and private equity/venture capital fund management services. The company was founded in 1955 and is headquartered in Mumbai, India.

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Debt Settlement Market Size 2024-2028

The debt settlement market size is forecast to increase by USD 5.07 billion at a CAGR of 10.3% between 2023 and 2028.

The market is experiencing significant growth due to the increasing trend of consumers seeking relief from mounting credit card debts. One-time debt settlement has gained popularity as an effective solution for individuals looking to reduce their outstanding debt balances. However, the time-consuming nature of negotiations between debtors and creditors poses a challenge for market expansion. Despite this, the market's strategic landscape remains favorable for companies offering debt settlement services. Key drivers include the rising number of consumers struggling with debt, increasing awareness of debt settlement as a viable debt relief option, and the growing preference for affordable and flexible debt repayment plans.
Companies seeking to capitalize on market opportunities should focus on streamlining the negotiation process, leveraging technology to enhance customer experience, and building trust and transparency with clients. Effective operational planning and strategic partnerships with creditors can also help companies navigate the challenges of a competitive and complex market.

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The market encompasses a range of companies offering financial wellness programs to help consumers manage and reduce their debt. These programs include medical Debt collection, consumer debt relief, and financial education resources. Online financial resources and debt management software are increasingly popular, providing consumers with affordable debt solutions and debt negotiation strategies. However, it's crucial for consumers to be aware of debt settlement scams and their settlement success rates. Debt consolidation loans and financial planning tools are also viable options for responsible debt management. Furthermore, financial literacy education and workshops are essential for consumers to understand debt reduction calculators and credit reporting errors.
Consumer financial protection agencies offer financial counseling services and financial planning advice to promote financial wellness strategies and responsible borrowing. Student loan forgiveness programs are also gaining traction in the market. Overall, the market for debt settlement and financial wellness solutions continues to evolve, with a focus on providing accessible and effective debt relief options for consumers.

How is this Debt Settlement Industry segmented?

The debt settlement industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Credit card debt
  Student loan debt
  Medical debt
  Auto loan debt
  Unsecured personal loan debt
  Others


End-user

  Individual
  Enterprise
  Government


Distribution Channel

  Online
  Offline
  Hybrid


Service Type

  Debt Settlement
  Debt Consolidation
  Debt Management Plans
  Credit Counseling


Provider Type

  For-profit Debt Settlement Companies
  Non-profit Credit Counseling Agencies
  Law Firms
  Financial Institutions


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa



  APAC

    China
    India
    Japan
    South Korea


  South America



  Rest of World (ROW)

By Type Insights

The credit card debt segment is estimated to witness significant growth during the forecast period.

The market experiences significant activity due to the escalating credit card debt among consumers. In India, for instance, the rising financial hardships faced by borrowers are evident in the increasing credit card defaults. The latest data indicates that credit card defaults in India reached 1.8% in June 2024, a notable increase from 1.7% six months prior and 1.6% in March 2023. This trend underscores the mounting financial pressures on consumers. The outstanding credit card debt in India mirrors this trend, with approximately USD3.25 billion in outstanding balances as of June 2024, a slight increase from the previous year.

Debt elimination and negotiation strategies, such as debt relief programs and debt consolidation, have become increasingly popular among consumers seeking financial relief. Credit reporting agencies play a crucial role in this process, as they maintain and report consumers' credit histories to lenders. Student loan debt, medical debt, tax debt, and payday loans are other significant contributors to the market. Consumers often turn to debt validation, credit repair, and financial coaching for guidance in managing their debts. Online platforms, mobile apps, and budgeting tools have become esse

Operating-Income Time Series for ICICI Bank Limited. ICICI Bank Limited, together with its subsidiaries, engages in the provision of various banking and financial services to retail and corporate customers in India and internationally. The company operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. It accepts savings, salary, pension, current, trade, escrow, foreign currency, and vostro accounts, as well as time, fixed, recurring, and security deposits services. The company also provides home, car, two-wheeler, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, including working capital finance, term loans, collateral free loans, loans without financials, finance for importers and exporters, and overdraft facilities, as well as loans for new entities and card swipes; and credit, debit, prepaid, travel, forex, and corporate cards. In addition, it offers pockets wallet; fixed income products; investment products, such as mutual funds, gold monetization schemes, initial public offerings, and other online investment services; and agri and rural business, farmer finance, tractor loans, and micro banking services. Further, the company provides portfolio management, trade, foreign exchange, locker, private and NRI banking, and cash management services; family wealth and demat accounts; commercial and investment banking, capital market, custodial, and institutional banking services; health, personal accident, fire, and motor insurance, as well as distributes general and life insurance products; and Internet, mobile, and phone banking services. Additionally, it offers securities investment, broking, trading, and underwriting services; and merchant banking, trusteeship, housing finance, pension fund management, asset management, investment advisory, points of presence, and private equity/venture capital fund management services. The company was founded in 1955 and is headquartered in Mumbai, India.

Foreign Direct Investment: Outflow: Loan: Community, Social and Personal Services在2018-10达1.536 美元 百万，相较于2018-09的6.030 美元 百万有所下降。Foreign Direct Investment: Outflow: Loan: Community, Social and Personal Services数据按月度更新，2007-08至2018-10期间平均值为7.274 美元 百万，共133份观测结果。该数据的历史最高值出现于2015-09，达257.815 美元 百万，而历史最低值则出现于2007-08，为0.010 美元 百万。CEIC提供的Foreign Direct Investment: Outflow: Loan: Community, Social and Personal Services数据处于定期更新的状态，数据来源于Reserve Bank of India，数据归类于India Premium Database的Investment – Table IN.OA027: Foreign Direct Investment: Outflow: by Industry。

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Credit Intermediation Market Size 2024-2028

The credit intermediation market size is forecast to increase by USD 649.87 billion at a CAGR of 2.36% between 2023 and 2028. The market is experiencing significant developments and challenges, driven by various factors. One key trend is the increasing preference for discounted monthly installment plans, which allow consumers to access credit more affordable. However, this trend is not without risks, particularly during economic recessions when global economies face instability and credit availability becomes scarce. Banks, as primary credit intermediaries, are facing growing vulnerabilities and deficiencies, necessitating the development of an active secondary credit market to ensure smooth intermediation. This market growth is essential for maintaining financial stability and facilitating economic growth. Effective financialization and a strong secondary credit market can help mitigate risks and ensure credit availability to consumers and businesses, even during challenging economic conditions.

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Credit intermediation is a vital process in the financial market that facilitates the connection between borrowers and lenders. This process involves credit intermediaries, such as commercial banks and credit unions, acting as middlemen in the lending process. These institutions offer various credit products to individuals and entities, enabling them to access funds for personal or business purposes. The market plays a crucial role in the economy by making credit available to consumers and businesses. Credit agreements are legally binding contracts between the borrower and the lender, outlining the terms and conditions of the loan, including monthly installments, discounts, and refunds.

Moreover, the infrastructure required to support credit intermediation includes a strong workforce, advanced technology, and adherence to stringent money security regulations. Operating costs for credit intermediaries can be substantial due to the need for maintaining infrastructure, safeguarding investors, and managing market risk. One of the primary responsibilities of credit intermediaries is to assess the financial status of potential borrowers and ensure the mishandling of credit agreements is minimized. This process involves evaluating the borrower's ability to repay the loan and assessing the risk associated with the loan. Fraud prevention is also a significant concern, with credit intermediaries implementing measures to protect against fraudulent activities by both borrowers and enterprises.

Furthermore, the financial services industry is undergoing significant financial services innovation driven by the rise of digital banking and the growing adoption of financial technology (fintech). Digital financial services are transforming the landscape, with mobile banking, mobile payments, and digital lending playing a key role in promoting financial inclusion. As financial inclusion programs expand, innovative solutions like microfinance, peer-to-peer lending, and data-driven lending are empowering underserved communities. Financial inclusion strategies are further enhanced by financial literacy initiatives and financial education efforts, while sustainable finance and responsible lending practices ensure long-term stability. With an increasing focus on financial crime prevention, cybersecurity in finance, and compliance and risk, financial services regulation continues to adapt to new challenges. Financial technology trends and financial services transformation will drive future growth, ensuring greater financial well-being and financial security for consumers worldwide.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Individual
  Enterprise


Type

  Tied credit intermediation
  Ancillary credit intermediation
  Non-tied credit intermediation


Geography

  North America

    US


  APAC

    China
    India
    Japan


  Europe

    Germany


  Middle East and Africa



  South America

By Application Insights

The individual segment is estimated to witness significant growth during the forecast period. The individual sector holds a significant market share in the market and is anticipated to lead the market growth during the forecast period. This segment's expansion can be attributed to the rising preference for personalized credit agreements and the growing role of intermediaries as credit advisors. The demand for credit counseling services has grown due to economic challenges, including increasing interest rates and inflation, which make it difficult for individuals to manage their debts.

At the end of financial year 2024, HDFC Bank Limited reported around ** million active credit cards. This was an increase from the previous financial year. HDFC Bank is an Indian banking and financial services company headquartered in Mumbai. It was the leading private sector bank in the country based on market capitalization as of June 2021.

In financial year 2024, the value of gross non-performing assets (NPA) at HDFC Bank Limited across India amounted to 311 billion Indian rupees. This was a significant increase in the NPAs filed by the bank compared to the previous year when it amounted to around 180 billion rupees. Countrywide, the Industrial Development Bank of India (IDBI) had the highest non-performing asset value across all private commercial banks in 2021, followed by the Industrial Credit and Investment Corporation of India Bank (ICICI bank). In total, the gross non-performing asset value of Indian private banks amounted for over two trillion Indian rupees that year.

Why are NPAs also called “bad assets”?

Non-performing assets are advances or loans on which the debtor missed to settle principal or interest payments to the bank or is going to pay late. These assets then must be recorded on a bank’s balance sheet. NPAs reduce the cash flow of the lender and can, therefore, become a significant weight for a bank. After reaching a height in financial year 2018, the NPA-ratio decreased in the following years. Due to the economic crisis caused by the coronavirus (COVID-19) pandemic, estimations by the Reserve Bank of India predict a strong increase of non-performing assets in the course of 2021. One bank that already got in trouble because of its high share of NPAs was the Yes Bank. On behalf of the Reserve Bank of India it was rescued by the State Bank of India, HDFC Bank, and other banks in April 2020.

India’s largest private bank

Mumbai-based HDFC Bank is India’s largest private bank in terms of total assets. It was founded in 1994 as a subsidiary of the Housing Development Finance Corporation and was one of the first new private banks after the market liberalizations starting in 1991. The bank’s network comprises nearly 5,500 branch offices and nearly 15,000 ATMs across India. Other subsidiaries of the HDFC Group are the housing finance company GRUH or the general insurer HDFC ERGO.

In financial year 2024, public sector banks in India reported a total of around *** trillion Indian rupees in gross non-performing assets (NPA). This was a decrease from the *** trillion Indian rupees in 2019. In contrast, private sector banks reported a decrease from *** trillion Indian rupees to nearly *** trillion Indian rupees in financial year 2024 in gross NPA. Non-performing assets are also referred to as "bad assets". They consist for example of non-performing loans, which are unlikely to be repaid in full by the borrower. NPA pose a challenge to banks because they reduce the profitability as well as the liquidity of banks.