However, if we observe the growth in overall volume of disbursement through digital mode, it has exhibited a massive twelvefold growth between 2017 and 2020. The digital lending landscape has seen a rapid rise in innovative models for product delivery including Point of Sale (PoS) transactions-based lending, Bank-FinTech partnership models, marketplace lending and bank-led digital models.
In the post-corona era, low inflation could continue for a long time as the incentive for precautionary saving increases, demand slows from accumulation of debt, and digital transformation accelerates. We will need to carry out research on how to improve the monetary policy regime, while closely monitoring the discussions among major central banks.