While the success of India’s demonetisation is being debated across both commercial and political corridors of power, there hasn’t been a better time for financial firms in the lending market. The surplus liquidity of cash in bank coffers has caused even banks to announce rate cuts on the loans provided.
And the signs could be seen before November 8. Just last year, Indian startups in the lending segment saw a massive draw of $343 million in investments, almost three times the $124 million that was seen in 2015. This includes a mixture of pure-play transaction platforms like LendingKart as well as NBFCs (Non-Banking Financial Companies) like IFMR Capital.
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