The high value of funding, Open API platforms like UPI, Aadhaar, GSTN and Bharat Bill Payments, and the large number of smartphone and internet users are some of the drivers fuelling a boom in the financial which is very important for the economy. The NBFC sector has systemic linkages with the capital market and other financial entities as well as the banking sector. Despite the difficulties caused by covid in the fiscal years 2019 and 2020, most NBFCs has managed to keep the momentum going in the face of challenges.
This report delves into some of these challenges and offers insights into the road ahead. About 50 CEOs and CXOs representing NBFCs and Fintech sector participated were surveyed on their business growth prospects and industry outlook for the near future.
Undoubtedly, the path that various companies take to fuel their growth varies. While some companies like Aditya Birla and Art Housing focus exclusively on retail lending, there are others like NAFA and Mufin Finance that focus on the SME sector. However, a majority of the NBFCs cater to a wider variety of customers ranging from students to MSMEs. Companies like Spandana and Svatantra Microfin have carved a niche in the micro finance sector.
Dvara Kshetriya Gramin Financials is a company that is serving the rural parts of India in 6 states and has various kinds of loans like group loan, individual loan, and even enterprise loan. According to the company’s former CEO, Joby CO: “Our mission is to maximise the financial well-being of every individual and every enterprise by providing complete access to financial services in remote rural.”
Diese Geschichte stammt aus der December 2021-Ausgabe von Banking Frontiers.
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Diese Geschichte stammt aus der December 2021-Ausgabe von Banking Frontiers.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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Kamdhenu & Sammrudhi loans top rural customers
Unnayan Bharat Finance Corporation (UBFC) Director & Co-Founder Avneesh Trivedi shares the company's attempts to enhance the rural lending environment & deliver better services to its consumers:
It's going to be a 'world' of CBDCs
Practically, every central bank in the world is testing and readying a CBDC system:
Training for behavioral & social skills is key
3 CHROs from the top BFSI companies in India open up about their training and motivation programs aimed at enhancing employee effectiveness. The story is divided into 4 parts: (i) functional and behavioral training, (ii) manager to leadership training, (iii) learning-based training, (iv) motivational programs:
THE AI COMPASS
Artificial Intelligence has risen to be the hottest topic of discussion today. It is expected to impact everyone, and the impact could exceed that of war, global warming, supply chain disruptions, geopolitics, and much more.
To mentor & coach emerging leaders
Manish Shah, MD & CEO of Godrej Capital, outlines his focus areas today and in the future:
Innovation will unlock India's Mission 'Atmanirbhar’
Sunita Handa is Chairman, Toyota FSIN and Principal Advisor & TLAB Chairman, Protectt.ai Labs. She shares her current activities and her deep insights on innovaiton in an interaction with Manoj Agrawal:
Algorithm is the Boss
Irem Sayeed, Chief Credit Officer at U GRO Capital, dwells into business focus and modernization at the lender:
Fintech and Neobank under the same Umbrella
It was started in 1902 to build what came to be called Israel:
Bajaj Allianz Revolutionizes Employee's HR and IT Experience with WhatsApp, MS Teams, Al and Automation
A productivity booster shot at BALIC:
Small Beginning for a Big Opportunity
AMU Leasing's focus on serving the underserved market of individuals and fleets looking for financing for electric 3-wheelers and 2-wheelers: