In an interaction with the New Indian Express, Chakravarti said he does not see JFSL's entry into the loan business as competition, instead sees it as an opportunity for partnership.
"I wouldn't call it competition because segmentwise it is different. The advantage today is that everybody is growing. You don't see any NBFC that is not growing. The requirement of credit is so much that at different levels, there is room for a lot more lenders," he says. Chakravarti says he has always advocated that banks, NBFCs and fintechs should work together as partners rather than competitors.
This story is from the September 11, 2024 edition of The New Indian Express.
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This story is from the September 11, 2024 edition of The New Indian Express.
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