BFSI Summit: Industry experts discuss future growth paths for NBFCs, MFIs

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There’s no choice but to be as traditional as banks while exploring tech innovations so that we can jointly offer the benefits of banking to customers.

Banks are supervised by the RBI, while NBFCs also have other regulators ensuring NBFCs lend responsibly.

He further stated that MFIs need help with high borrowing costs and slow fund deployment due to new regulations.“Despite no liquidity crunch, operational costs remain high, affecting return on equity,” he said.Crisis brewing?

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Category: BusinessFinance

Markets: India

Topics: Income assessment IIFL Samasta Shachindra Nath Covid-19 impact Business Standard BFSI Insight Summit MSMEs Venkatesh N NBFCs Regulatory challenges Financial inclusion Co-lending U GRO Capital MFIs Microfinance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 17:28:00 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 650 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23460873

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About Business Standard

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Official Website: business-standard.com

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Year Established: 1975

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Coverage Areas: India

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