Riddled with scams and weighed down by toxic loans, most large banks are shying from lending directly to customers. Instead, they are lending to non-banking finance companies (NBFCs), which, in turn, are servicing corporate and retail customers.

A panel of top finance executives at News Corp VCCircle’s FinServ 2018 summit in Mumbai last week discussed how India’s NBFC industry evolved over the years in light of the problems in the banking sector. Watch the video for the full discussion.

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