CLIENT SPECIFIC APPROACH : Indian Financial Sector – IFC Relationships (IS)

Existing IS Pipeline IS Past IS No IS

9 NBFCs (Total Income (USD mn) > 300) Tier 1 Banks (Total Income (USD mn) > 3,000); Total # - 5

Bajaj Finance, Shriram Transport, Manappuram,

Axis Bank,
Mahindra FSL, HDB FSL, Cholamandalam, L&T HDFC Bank ICICI, Kotak
Yes Bank
Finance, Tata Capital, Aditya Birla

NBFCs (Total Income (USD mn) > 100) Tier 2 Banks (Total Income (USD mn) > 750); Total # - 8

Magma Fincorp, IDFC First Bank, RBL IndusInd, Jammu & Kashmir,
Religare, PTC India FSL SIB
Bank, Federal Bank Karnataka Bank, Karur Vysya

NBFCs (Total Income (USD mn) < 100) Tier 3 Banks (Total Income (USD mn) < 750); Total # - 9
NBFC BANKS
Fullerton India, Avanse, Catholic Syrian, City Union,
SAFL
(#275 SI) Bandhan
Bank
DCB Dhanlaxmi, IDBI, Laxmi Vilas, Nainital
Bank, Tamilnad Mercantile Bank

Tier 1 HFCs (Top 5 HFCs which control ~ Small Finance Banks (SFBs); Total # - 10
75% of market); Total - 5
AU, Equitas, NESFB, Capital
Janalakshm
HDFC, DHFL, PNBHFL, Suryoday, Ujjivan, ESAF
i
L&T Utkarsh Fincare

Tier 2 HFCs (Rest of market) HFC SFB Payment Banks; Total # - 7

Aspire, Aptus, MHFC,
FIHFC, MRHFL, Repco, FINO Airtel, India Post, Jio, Paytm, NSDL
Aadhar
Aavas, PCHFL, Tata
Capital HF, Motilal

Fintech Digital Only Banks

Mintifi FINTECH DIGITAL Navi

MFI
Encore ARC, India resurgence, Altico
NBFC MFIs – Grameen Koota, MFI (Impact Investing) –
Arohan, Swatantra, Vortex Aavishkar, Lok Capital 1