Dawn of New Strategies
Banking Frontiers|September 2021
Multi-pronged asset strategy, diversified liability approach, and a fresh technology design and blueprint in place, NBFCs have redefined their strategy to take on the competitions concluded the panel discussion held as part of the NBFC’s TOMORROW series by Banking Frontiers.
Dawn of New Strategies

Moderated by Manoj Agrawal, Group Editor, Banking Frontiers, eminent personalities like Shachindra Nath, Executive Chairman & MD of U GRO Capital, Sabyasachi Rath, CEO, Karvy Financial Services, Sanjay Sharma, MD & CEO, AYE Finance, Nehal Mehta, Head of Business Development, Financial Services Industry at Amazon Web Services and Arun Nayyar, CEO, NEO Growth Credit, deep-dived into the set theme of discussion ‘Re-thinking strategies for the new world.’

NBFCs, long considered a second cousin to banks, are slowly fighting their way up the recognition pyramid. They are putting themselves on the map, like in the case of UGRO Capital which recently tied up with Bank of Baroda. What has led to this turn around?

One of the ways that NBFCs have assuaged this is through a change in the leadership mindset. The Executive Chairman and & MD of UGRO Capital, Shachindra Nath believes: “What this segment needs are the innovators and problem-solvers because if you’re not solving a problem of a segment of the market, there is no value proposition available to you.”

The under penetration of India credit market is vast and the possibilities for newer financial institutions are endless. The concerns and roadblocks these institutions could face will also be challenging because of the very dynamic nature of technology. Shachindra Nath says: “Technology is not really the constraint, but our ability to keep enhancing it is one. And for the financial services industry, especially for lending, it is a constraint of mindset.”

Esta historia es de la edición September 2021 de Banking Frontiers.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición September 2021 de Banking Frontiers.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BANKING FRONTIERSVer todo
Finance gears up for festivities
Banking Frontiers

Finance gears up for festivities

BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:

time-read
4 minutos  |
October 2024
Non-cash transactions can touch a phenomenal level by 2028
Banking Frontiers

Non-cash transactions can touch a phenomenal level by 2028

Capgemini Research Institute’s World Payments Report 2025 highlights the era of account-to-account an instant payments:

time-read
3 minutos  |
October 2024
The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer
Banking Frontiers

The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer

In an increasingly interconnected world, safeguarding our digital assets has become paramount. Enter the dynamic duo: Cyber security and Artificial Intelligence (AI).

time-read
3 minutos  |
October 2024
A new trinity in digital lending space
Banking Frontiers

A new trinity in digital lending space

Three platforms in the lending space are poised to change the way lenders offer credit and borrowers access funds in India:

time-read
4 minutos  |
October 2024
Finance gears up for festivities
Banking Frontiers

Finance gears up for festivities

BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:

time-read
4 minutos  |
October 2024
Small MFI, International Engagements
Banking Frontiers

Small MFI, International Engagements

Mitrata Inclusive Financial Services in the midst of transformation growth

time-read
3 minutos  |
October 2024
MFIs: Big Impact Big Changes,
Banking Frontiers

MFIs: Big Impact Big Changes,

Even as MFIs are fueling economic growth for the underprivileged, what is interesting is that they are transforming themselves in areas like HR, technology, funding, leadership, collections, and more. Banking Frontiers presents the initiatives and initiatives at 9 such organizations:

time-read
3 minutos  |
October 2024
Climate Risk Forum for CROS
Banking Frontiers

Climate Risk Forum for CROS

Excerpts from a discussion on shaping the future of climate change resilience in India:

time-read
3 minutos  |
October 2024
Seamless Supply Chain Finance
Banking Frontiers

Seamless Supply Chain Finance

Deep insights emerge from this fireside chat at NBFC's Tomorrow Conclave.

time-read
6 minutos  |
October 2024
Star Health sees strong demand from the IT sector
Banking Frontiers

Star Health sees strong demand from the IT sector

Biju Menon, Chief Business Officer at Star Health Insurance, looks at the evolution of employee health insurance from multiple perspectives:

time-read
4 minutos  |
October 2024