Tuesday, February 25, 2025 | 07:55 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Stress in MFIs, MSME space should stabilise in coming months: Experts

NBFCs can assess a customer differently and provide a credit solution that differentiates them from banking (companies)

DATA
Premium

L-R: Shachindra Nath, vice-chairman and managing director (MD) of U GRO Capital; and Venkatesh N, founder and MD of IIFL Samasta | (Photos: KAMLESH PEDNEKAR)

BS Reporter

Listen to This Article

Non-banking financial companies (NBFCs) have emerged as a preferred option for numerous underserved sectors, particularly small businesses and households, because these players are in areas where traditional banks could not go. At a panel discussion of the Business Standard Insight Summit 2024 titled ‘Reaching the last mile’, heads of emerging NBFCs –Shachindra Nath, vice-chairman and managing director (MD) of U GRO Capital; and Venkatesh N, founder and MD of IIFL Samasta, discussed various issues. Edited excerpts: 
How challenging is it to serve the last mile? 
  Shachindra: Generally, it is said that NBFCs have better last-mile reach. Actually, it

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in