The Non-banking Financial Companies (NBFC) in India has embraced massive transformation over the past few years and plays a vital role in the Indian financial system. According to research, the total Credit market of NBFCs has grown from 13 percent in FY16 to 16 percent in FY17 and reached 20 percent in 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. 7th NBFC100 Tech Summit will commence on 3rd July 2019, amalgamating leaders from across NBFCs, Micro Finance Institutions (MFIs), Housing Finance Institutions, Small Finance Banks and Payments Banks, with a special emphasis on the financial landscape of Southern India.
Highlights of the summit
Taking forward our legacy of hosting a power-packed conferences , the 7th NBFC100 Tech Summit will witness panel discussions, power point presentations, award ceremony, expo and one to one interviews with our key dignitaries.
We are honoured to inform that the summit will be hosted by Sa-Dhan and supported by Finance Industry Development Council (FIDC) and Uttar Pradesh Microfinance Association (UPMA).
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 NBFC Sector
· Growing Role of CISOs in NBFCs
· Action Plans for Fraudster Attacks in NBFCs
Glimpses from the 6th NBFC100 Tech Summit
The 6th NBFC100 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, (Chief Executive Officer, Muthoot Housing Finance Company Ltd), P Satish (Executive Director, Sa-Dhan), Raman Aggarwal (Chairman, FIDC) amongst others.