FUTURE-READY NBFCs, NEED OF THE HOUR
The 2019 Union Budget announced the growth aspiration of achieving a $ 5 trillion economy in 2024. However, the Economic Survey for 2018-19 highlighted the current NBFC crisis as a key challenge that could choke credit growth and impede the achievement of this milestone.
This current scenario, encircling the Non-Banking Financial Companies (NBFCs), demands for the institutions that are prudent enough to face the financial turbulence. Technology seems to be one of the saviours, competent enough, to handle the situation, as per the experts.
Extending this discussion, our cover story- ‘Rewind 2019: How Technologies Equipped NBFCs for Future’ shares a detailed overview of challenges faced by the sector in 2019 and the role technology plays in getting the sector future-ready, from the experts’ point of view.
This NBFC focussed issue also carries a special story on – Vision 2020 for NBFCs: Optimism, Synergies and more, presents the outlook for the New Year.
It include interviews of Anand Aggarwal, Chief Information Officer, Capital Trust, Gururaj Rao, Chief Information Officer, Mahindra Finance, Rahul Gupta, CEO, Avanti Finance and Mohit Gopal, Senior Vice President and Strategy Head – PayU India.
Sabyasachi Rath, Executive Director & CEO, Essel Finance Business Loans Ltd, Arti Somani, Head- Product & Policy, Essel Finance Business Loan Ltd; Rajendra AwasthI, Co-Founder, EPIKInDiFi and Ajit Shah, Managing Director- APAC, Middle East and Africa, ACTICO have penned exclusive articles for the issue.
The magazine also features a special report of ‘7th NBFC100 Tech Summit, Chennai’, which touched upon some of the key challenges and growth opportunities pertaining to the future of NBFCs amid the on going liquidity crisis.
Our latest initiative, the 8th NBFC100 Tech Summit, Mumbai a unique networking conclave, intended to focus on significant topics encircling the NBFC sector with a hi-level amalgamation of CXOs, exhibition, awards and felicitation. It is going to be organised on 23 January 2020.
We believe that our latest issue carrying such a conglomerate of special features, articles and interviews of top-notch banking experts, would be knowledgeable for our esteemed readers.