NBFCs: Leapfrogging to Prosperity

About Event

The world of NBFCs, often over-shadowed by the banking sector, has suddenly got a shot in the arm thanks to some recent developments, including the Paradhan Mantri Awaas Yojana, the NPA burden of the banks and some strategic decisions by the government. Some MFIs became small finance banks and many are eyeing banking licenses as well.

As per a recent report, factors contributing to the growth of NBFCs are Stress on public se ctor units ( PSUs)
• Latent credit demand
•Digital disruption,especially for micro small and medium enterprises (MSMEs) and small and medium enterprises (SMEs)
• Increased consumption
• Distribution reach and existence of sectors where traditional banks do not lend

Availability of alternative lending channels has contributed to the growth of NBFCs. The sector is adopting digital technologies to bring better experience to its customers and reach them in areas beyond the reach of the banking sector. The top 18 NBFCs put together are giving even the established banks a run for their money and are constantly looking for opportunities to take their businesses to higher levels. What’s the opportunity? This growing sector is a lucrative business proposition for all the stakeholders, who can empower this sector.

Banking Frontiers, the country’s first and premium BFSI magazine with a total B2B focus on the sector, is organizing a 3-city NBFC seminar series aiming at addressing the above business areas and empowering the NBFCs to take their businesses to level next. We aim to bring together various NBFCs such as:
• Housing Finance Companies
• Business and retail lending companies
• Infrastructure financing companies
• Vehicle lending companies
• Micro Finance companies and many more