The Non-banking Financial Companies (NBFC) in India has embraced massive transformation over the past few years and plays a vital role in the escalation of the Indian financial system.
According to the research reports, the total Credit market of NBFCs has grown from 13 percent FY16 to 16 percent FY17 to 20 percent 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 organising 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.
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vymoThe Banking & Finance Post is Asia and the Middle East’s leading bi-monthly magazine on the banking and financial sector published by Elets Technomedia Pvt Ltd. It prides itself in highlighting in-depth coverage about all aspects of the BFSI sector from major challenges in the growth of banking and financial industry to new technological advances.
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.
