Mahesh Dayani has plans to expand SBFC’s branch network from 120 to 150 in the next 18 months
Small Business FinCredit India, or SBFC, is a new-age financial services institution focused on providing credit to small businesses. It has grown significantly in just 3 years after acquiring Karvy Financial Services. In FY 2020 it had disbursed more than ₹11 billion by way of loans and today, the NBFC’s AUM stands at ₹32 billion and it disburses more than ₹1 billion every month.
Mahesh Dayani, Co-founder and CBO, of the company says despite a 6-month lockdown, the company has grown by 40% in 2021. It had a CAGR growth of more than 50% over the last 3 years.
SBFC provides credit to the needy small entrepreneurs in the underserved and underpenetrated market. In FY 2019-20, it had served more than 47,000 customers and some 200,000 customers have derived benefit so far from the company.
₹70 BILLION UNDER LMS
SBFC, which offers a unique loan management services (LMS) to third-party financial institutions, has a strong presence in rural and semi-urban India. “We currently manage ₹70 billion under LMS. About 20% of our company’s profit comes from LMS. The co-origination segment accounts for over 27% of our monthly disbursements,” says Dayani.
Bu hikaye Banking Frontiers dergisinin July 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Banking Frontiers dergisinin July 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Swedbank leverages data to the hilt
Sweden's Swedbank takes innovation to a different level by collaborating with other competing banks:
Digitization is for customer satisfaction, says Argenta Bank
Belgium's Argenta Bank has designed its digitization efforts to enhance customer experience:
Speed, Safety, Compliance
Brijesh Samantaray, Co-founder, Propelld shares the current trends in the education loans how the company is leveraging technology:
Unique methods in fraud perpetration
When we look at some of the very serious frauds that had taken place in the financial realm, it is evident that the perpetrators are somewhat ingenious:
NBFCs: Elevating Organizational IQ
What is more important than hiring smart people is raising organizational IQ. This topic was discussed in depth in a panel discussion at NBFC's Tomorrow conclave organized by Banking Frontiers. Edited excerpts:
Trustful Transformation
Transformation is no longer only about growth & efficiency. It involves aspects like compliance, security and explainability that are impacting NBFCs. These issues are explored in this panel at NBFC's Tomorrow:
CEO Panel: Connecting Traditional Wisdom with Modern Intelligence
Banking Frontiers organized its annual NBFC Conclave titled NBFC's Tomorrow in August 2024 at Mumbai. Highlights of the first panel discussion:
NBFCs EXPERIENTIAL EVOLUTION, TRUSTWORTHY TRANSFORMATION
Banking Frontiers organized NBFC's Tomorrow, its annual NBFC Conclave, in Mumbai on August 21. The program comprised panel discussions on 5 upcoming opportunities for the NBFC sector, along with presentations, fireside chats and a keynote address. Edited excerpts from the conclave:
Smart ATMs - an indication of a resurgence
Smart ATMs can be the future way of how one may be interacting with a bank and doing transactions:
Personalization scores with HNWI & YP
Ghulam Haidar Rasooli, Chief Financial Officer at Afghanistan based Ghazanfar Bank, reveals the impact of personalization and future roadmap: