The Indian financial sector is rapidly growing with the changing economy and diversifying needs. A pivotal part of the segment catering to several financial services is handled by Non-Banking Financial Companies (NBFCs).
In India, NBFCs geared up their operations in the 1960s and in the recent times, they have emerged as substantial contributors to the Indian economy’s growth by supplementing the effort of banks and other financial institutions. In developing economies like India where 70 per cent of the population resides in rural areas, NBFCs have a greater role to play.
Extending the role of financial institutions further, on 19 August 2015, the Reserve Bank of India (RBI) kicked off some transformative changes in the financial system of the country by giving licenses to 10 small financial banks. The main aim of this initiative was to bring the unbanked section of the society under the periphery of the formal banking system.
Highlighting the significance of NBFCs and small finance banks, Elets Technomedia Pvt Ltd is organising “NBFC100 Tech Summit” on October 12th at ITC Grand Central, Mumbai. The summit will weave around 100 NBFCs, Small Finance and Payments Bank.
This bi-monthly magazine of The Banking & Finance Post, published by Elets Technomedia Pvt Ltd, prides itself in spotting and highlighting key trends in the BFSI sector.
Providing an in-depth coverage about all aspects of the sector – from major challenges in the growth of BFSI sector to new technological advances, the magazine has acquired a distinct place in Asia.
The magazine serves as a bouquet of views of all stakeholders in BFSI domain – policy makers, bankers, experts, industry leaders, etc. Our experienced team of editors, researchers, and marketers takes a 360-degree approach for creating content – news, features, articles and interviews – keeping our steadily growing global audience well-informed about the latest and most important trends, challenges and solutions.
A special emphasis on the opinions and observations of who’s who of the BFSI sector about the most happening trends helps us disseminate their ideas and innovations to generate a positive influence and effect change through our magazine.
Moreover, attending to the Who, What, When, Where, and How aspects of journalism, our online news portal – bfsi.eletsonline.com – serves as one-stop source of daily news, information and analysis.
Our Banking & Finance Post magazine strives to be your first stop for what’s new and what’s next in the BFSI sector. Our print and online platforms focus on financial inclusion, technology, challenges and latest trends in the BFSI sector.