NBFCs need access to credit history like banks, says Gunit Chadha

NBFCs don't have an equivalent body to represent their well-filtered voice with the regulators and government, says APAC Financial Services founder

Two years since setting up shop, APAC Financial Services is considered a non-banking financial company to watch. One of a clutch of niche NBFCs started by former bankers, it wants to be a key player in the micro, small and medium enterprises segment. Founder GUNIT CHADHA, former chief executive officer of Deutsche Bank (Asia-Pacific), spoke to Raghu Mohan on the road ahead. Edited excerpts:

How do you see the post-moratorium stress situation?

The moratorium acted as a cushion to borrowers, providing them interim relief, but it was never going to be a long-term solution. Follow-on initiatives like the Emergency Line