The Non-banking Financial Companies (NBFC) in India has embraced massive transformation over the past few years and plays a vital role in the escalation of the Indian financial system. According to the research reports, the total Credit market of NBFCs has grown from 13 percent FY16 to 16 percent FY17 to 20 percent FY18.
Registering a 24 percent Year-on-Year growth, NBFC-MFIs in India, having a market share of 38 percent in Q3-FY19, continue to maintain their market dominance in the lending space, says the SIDBI-Equifax newsletter.
Highlighting the vitality of NBFCs in India, Elets Technomedia is organizing the 7th chapter of its NBFC confluence in Chennai, the 7th NBFC 100 Tech Summit which will commence on 3rd July 2019. The Summit will also cover the factors affecting the rapid growth and upcoming opportunities within the NBFCs, with a special emphasis on the financial landscape of Southern India. This conglomeration will assimilate the who’s who from the NBFC sector across India.
Taking forward our legacy of hosting a power-packed summit and Awards, the 7th NBFC 100 Tech Summit will witness panel discussions, power point presentations, interviews from our key dignitaries like Subrata Gupta (Managing Director, NABARD Financial Services Ltd), Raman Aggarwal (Chairman, Finance Industry Development Council), G. Subramaniam (EVP, Risk and Operations, Aptus Value Housing Finance India Ltd), P. Sridharan (Executive Director, Shriram Transport Finance Company Ltd) and many more.
Key Focus areas
- NBFCs and its Diversifying Role to meet the Financial Inclusion
- Recent Lending Threats and its Preventive Measures in NBFCs
- Role of Regulatory Bodies
- Digital Lending Challenges & Opportunities
- Modifying Credit & Liquidity Risk Framework
- Technology and its Significance in the NBFC Sector
- Growing Role of CISOs in NBFCs
- Action Plans for Fraudster Attacks in NBFCs
Glimpses from the 6th NBFC100 Tech Summit
The 6th NBFC 100 Tech Summit, was held in New Delhi on March 15, 2019. The summit witnessed a panel decision on Modifying credit and liquidity risk framework of NBFCs, MFIs and Housing Finance Companies, Technology and its importance in curbing fraudster attacks in NBFC with the expert comments by our speakers on the topic like the changing face of consumer lending, How NBFC is the ironman of India’s financial sector.
The summit included key speakers like Dr. Amitabh Rajan, (Chairman, RBI Services Board), Prem Narayan, Deputy Director General (Joint Secretary, UIDAI, Ministry of Electronics & Information Technology), Pavan K. Gupta Pavan K. has an account, (Chief Executive Officer, Muthoot Housing Finance Company Ltd), P Satish (Executive Director, Sa-Dhan), Raman Aggarwal (Chairman, FIDC) amongst others.