AI powered NBFCs could outpace traditional banks in credit and underwriting

Underwriting gets faster while banks risk falling behind

AI adoption is giving NBFCs a measurable edge in lending, helping them win market share by improving credit underwriting and decision speed. The shift could let NBFCs grow faster than traditional banks over the next decade, squeezing incumbents that rely on older risk models and slower processes. As efficiency rises, competitiveness tilts toward AI-first lenders.