Mahesh Dayani has plans to expand SBFC’s branch network from 120 to 150 in the next 18 months
Small Business FinCredit India, or SBFC, is a new-age financial services institution focused on providing credit to small businesses. It has grown significantly in just 3 years after acquiring Karvy Financial Services. In FY 2020 it had disbursed more than ₹11 billion by way of loans and today, the NBFC’s AUM stands at ₹32 billion and it disburses more than ₹1 billion every month.
Mahesh Dayani, Co-founder and CBO, of the company says despite a 6-month lockdown, the company has grown by 40% in 2021. It had a CAGR growth of more than 50% over the last 3 years.
SBFC provides credit to the needy small entrepreneurs in the underserved and underpenetrated market. In FY 2019-20, it had served more than 47,000 customers and some 200,000 customers have derived benefit so far from the company.
₹70 BILLION UNDER LMS
SBFC, which offers a unique loan management services (LMS) to third-party financial institutions, has a strong presence in rural and semi-urban India. “We currently manage ₹70 billion under LMS. About 20% of our company’s profit comes from LMS. The co-origination segment accounts for over 27% of our monthly disbursements,” says Dayani.
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Mental Health & D&I: Both Problems Have Similar Solutions
The pandemic has created heightened awareness about mental health issues, while Diversity & Inclusion (D&I) issues have been steadily becoming more visible. While the problems are distinct, there is a lot in common among the solutions:
Bandhan Bank: Building a robust, granular liabilities franchise
On the occasion of its 6th Foundation Day celebrated on 23rd August, Chandra Shekhar Ghosh analyses the bank’s achievements and explains how it has earned the trust and confidence of 23 million Indians:
A platform to buy and sell anything seamlessly
BNP Paribas has a unique platform, Cortex Life, that allows traders to sell or buy everything from bullion to currencies and also do trading in currencies or commodities:
Fikar Not Says Fino's Brand Ambassador
Anand Bhatia, CMO, Fino Payments Bank shares details of the journey to appointing a brand ambassador for the bank and planning the creative and media:
Covid boosts top-up loans & balance transfers
Arvind Hali, MD & CEO, Motilal Oswal Home Finance reveals how the pandemic is affecting business and how the company is responding:
Boosting organizational and systemic resilience
Mahesh Kumar Jain, Deputy Governor, Reserve Bank of India, gave a speech titled ‘Building a More Resilient Financial System in India through Governance Improvements’ on June 18, 2021 at the India international Centre, New Delhi. Edited excerpts:
South Africa enhances safety, efficiency & access
In March 2018, the South African Reserve Bank (SARB) published the National Payment System Framework and Strategy – Vision 2025, with the overarching vision to enhance the safety, efficiency and accessibility of the national payment system in a manner that promotes competition and minimises risk to the payments ecosystem by leveraging technological developments to extend the availability of digital payments to all sectors of society while meeting domestic, regional and international requirements for the benefit of all members of South African society. Vision 2025 comprises 9 goals.
BFSI SECTOR TURNS Green
The BFSI sector is keenly adopting green policies, practices and technologies with the aim of being more sustainable and protecting the environment:
Model Insured Villages to Boost Rural Penetration
Neeraj Prakash, Managing Director, Shriram General Insurance shares the company’s strategies to tap rural markets and leverage new technologies:
Virtual surveys hasten loss assessment
Ravichandran N., CTO, at Kotak Mahindra General Insurance explains how the insurer will be leveraging advanced modelling tools in response to heatwaves and flooding:
आईपीओ की बाढ़ से बढ़ी एनबीएफसी की उधारी दर
गैर-बैंकिंग वित्तीय कंपनियां (एनबीएफसी) धनाढ्य निवेशकों (एचएनआई) को आईपीओ पर दांव लगाने के लिए करीब 2 लाख करोड़ रुपये उधार देने को तैयार खड़ी हैं । उद्योग से जुड़े सूत्रों का कहना है कि बाजार में आईपीओ की बाढ़ है, जिससे पूंजी की मांग काफी बढ़ गई है और कर्ज की लागत भी 10 फीसदी के निचले स्तर से बढ़कर 13 फीसदी तक पहुंच गई है।
PSBs told to push financial inclusion
Centre also asks them to expand pension, insurance coverage
TIGHTENING THE SCREWS
Non-Banking Financial Corporations (NBFCs) due to their magnitude, intricacy and interconnectedness are revolving systematically over the years.
पीरामल में फार्मा कारोबार अलग
समूह ने फार्मा और वित्तीय सेवा कारोबार अलग-अलग करने की घोषणा की
Dealing With Debt
RBI’s loan restructuring scheme that lasted till September 30 had costs and conditions attached. If you weren’t able to avail of it, here is what you can do instead
Superseding Srei boards not to roil markets, say bankers
Superseding the boards of two non-banking financial companies (NBFCs) in the Srei group will neither create liquidity challenges for sound entities, nor build systemic crises because the markets have factored in the problems with the Kolkata-based firms.
SAVIORS OF THE INDIAN MSME SECTOR
The Covid-19 pandemic has been one of the toughest time periods in the history of human kind. More than 200 million cases all over the world with India being the 2nd worst-hit country by Covid with confirmed cases rising over 30 Million. The economic crisis that has been brought forth by the pandemic has resulted in worldwide turmoil, especially in developing nations like India. Mass lay-offs and businesses shutting down has been a common theme across the Covid Era. India has seen its economic crisis escalate with 10 million jobs being lost in the 2nd wave alone and with jobs being scarce and corporate not hiring further, entrepreneurship became the only way out for many and with banks not giving out small loans, micro-lending became the only alternative. Micro-lending is the practice of lending of money in small amounts to impoverished individuals or groups who are otherwise unable to obtain loans from banks.
High Percentage of Loans to Real Estate is Stress-Free
A study reveals that real estate – particularly the residential segment – has fared better than anticipated, points out Shobhit Agarwal, Managing Director and CEO, ANAROCK Capital
AJAX INTRODUCES ‘ALL NEW CEV STAGE-IV' COMPLIANT ARGOS
Ajay Aneja, Chief Marketing Officer, AJAX Engineering, on the new launch
HOW CAN BANKS ASSIST SMEs IN THESE CHALLENGING TIMES POST- COVID?
With the current pandemic affecting the global economy, financial institutions and banks have started navigating to the post-COVID- 19 strategy.