India’s financial services sector has been in the spotlight for the past couple of years, and not necessarily for good reasons. While banks have been struggling with a big pile of bad loans, non-banking financial companies (NBFCs) are facing a liquidity crunch that began when Infrastructure Leasing & Financial Services Ltd collapsed a year ago.
The IL&FS crisis and its fallout shook investor confidence, crimped lending and damped consumer demand. Since then, however, the government has taken a number of steps to help the NBFCs.
To discuss the way forward for these NBFCs as well as other factors affecting the sector at large, VCCircle will host the FinServ Summit on Wednesday at the ITC Maratha in Mumbai. Panel discussions will include topics ranging from the liquidity crunch, the state of the financial technology segment and private credit as an alternative to the NBFC model.
You can log on to VCCircle’s FinServ Summit page for more details on the discussions, a list of speakers and details on registration.