The competition in the shape of small finance banks, with a mandate to focus exclusively on small business units, small and marginal farmers, micro and small industries and other unorganized sector entities, which would operate through technology-focused, low cost structure, is already on the anvil. As part of this strategic shift, banks would also need to improve their analytical abilities for big data.
As I spoke earlier about lending to customers with little or no credit history, banks would need to employ some non-conventional tools for assessing credit worthiness of such  2  BIS central bankers’ speeches  customers, which can, among others, include credit card usage, travel patterns, bill payment history and so on.