At the 2nd Edition of ETBFSI NBFC Connect in Chennai, industry luminaries convened to dissect the evolving landscape of collaborations within the lending ecosystem. From niche market penetrations to tailored customer solutions, these partnerships are not just reshaping the industry but also redefining borrower experiences, leaders said.Collaborative Growth: Lenders Explore Synergies in the Evolving Landscape
As technology continues to reshape the lending landscape, leaders from NBFCs and Fintech companies convened at the 2nd Edition of ETBFSI NBFC Connect in Chennai to delve into its transformative impact. With an emphasis on collaboration, the panel aimed to uncover synergies between NBFCs and Fintech entities to fuel collective growth.Navigating the Digital Wave: NBFCs & Fintech Leaders Decode SME Financing
At the ETBFSI NBFC Connect'24 Summit in Chennai, Dr. Sathyan David, former Chief General Manager of the Reserve Bank of India (RBI), delved into the evolution of lending practices and the current state of India's financial landscape.Former RBI CGM on Historical Lending Practices and Modern Finance Trends
At the 2nd Edition of ETBFSI NBFC Connect in Chennai, industry leaders convened to discuss the crucial role of financing in fostering business growth in Bharat. Recognizing the significance of rural India in the nation's economic narrative, experts explored the challenges, opportunities, and needs of businesses operating in this segment.Navigating Finance in Rural India: Insights from ETBFSI NBFC Connect
As artificial intelligence applications proliferate within banking, the ability to track, analyse, and anticipate consumer behavior has soared to unprecedented heights. While heralding the dawn of personalised financial services and elevated customer experiences, this trend simultaneously raises profound questions regarding privacy, autonomy, and human rights. Given the inherently sensitive nature of financial information, the banking sector finds itself uniquely vulnerable to privacy breaches, necessitating a delicate equilibrium between innovation and the protection of individual liberties.
For property developers, this could lead to delays in loan sanctioning and an increase in borrowing rates.
Industry players are expecting manageable operational changes with transitory financial impacts.
By the next MPC meeting in June, India's CPI inflation data for April 2024 will be available, with May's figures expected shortly after.
Healthy credit growth, broader issuer base, retail tilt of banks the drivers
Incorporating assets with low correlations can further enhance diversification, providing a natural hedge against market volatility. By diversifying across assets that react differently to market conditions, investors can balance risk and cushion losses during downturns.
Digital lenders are primarily focussed on personal loans, consumption loans and small business loans have seen exponential growth with the assets under management (AUM) of ICRA’s sample set of 13 large entities standing at ~Rs. 650 billion as of December 2023, expanding at a compound annual growth rate (CAGR) of 60% in the last five years.
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