₹74,500 crore disbursed by way of Account Aggregator in H1 FY25: Sahamati report, ETCFO
Digital lenders, non-banking monetary firms (NBFCs), and banks have collectively disbursed a formidable Rs 74,500 crore via the Account Aggregator (AA) framework within the first half of the present fiscal yr, in response to a report by Sahamati, the trade alliance supporting the AA ecosystem. Amongst these, the highest eight lending establishments, which account for 62% of the consents, reported a complete disbursement of Rs 46,200 crore.
Since its inception in September 2021, the AA framework has enabled complete disbursements of Rs 1.3 lakh crore, with the highest lending establishments contributing Rs 88,700 crore of this quantity, the report confirmed.
Within the first half of fiscal yr 2025, lenders utilized the Account Aggregator framework to facilitate 5.47 million loans, bringing the full to 9.70 million loans for the reason that launch of the ecosystem.
The common mortgage ticket dimension within the first half of this fiscal yr was Rs 84,507, barely decrease than the cumulative common of Rs 92,086 since September 2021, indicating a small decline in mortgage dimension over time.
The AA ecosystem is seeing vital development within the lending sector, with an estimated 10.52% of non-public loans now being facilitated via this framework. MSME lending penetration has surpassed 1.14%, whereas motor loans account for 1.50%, exhibiting broadening adoption throughout key lending sectors.
“The AA ecosystem is experiencing robust adoption amongst salaried people, self-employed professionals, and small companies,” Sahamati highlighted in its report. “That is mirrored within the excessive mortgage ticket sizes and rising penetration in private and MSME loans.”
Although, early adoption stays concentrated amongst digitally lively debtors who profit from seamless data-sharing for faster and extra dependable underwriting, the trade physique famous. As monetary establishments broaden their choices and consciousness of AA grows, Sahamati expects adoption to succeed in new-to-credit and underserved segments.
An Account Aggregator (AA) is a non-banking monetary firm (NBFC) that facilitates safe, digital sharing of a buyer’s monetary knowledge with varied monetary establishments, based mostly on the shopper’s specific consent.
Digital lenders have been key gamers within the AA ecosystem, driving the vast majority of consents. NBFCs dominate, accounting for over 65% of complete consents as of December 2024. Personal sector banks, holding a share exceeding 9%, have additionally proven vital progress, utilizing the ecosystem for sooner credit score underwriting, price optimization, and improved person experiences.
So far, the AA platform has facilitated 143.61 million consent-based data-sharing transactions, with a month-to-month development price of 12%. As of December 2024, there are 17 account aggregators in India, and greater than 636 monetary entities are accessing knowledge via this platform.
The AA ecosystem performs an important position in addressing inefficiencies in knowledge assortment, enabling extra streamlined small-ticket lending, and enhancing the flexibility to serve a broader buyer base.
