Elets Banking and Finance ’s Post

Panel Discussion: Unleashing the Power of Collaboration Mahendra Bindra, Head - Customer Excellence, Unity Small Finance Bank - Traditional banks and fintechs are set to coexist within the financial ecosystem. Fintechs bring agility and speed, driving innovation. On the other hand, traditional banks, regulated by the RBI, ensure adherence to the necessary regulatory frameworks, providing structure and security. It's crucial for the industry to recognize the complementary value each brings, ultimately benefiting the customer. They are collaborators, not competitors. Venue: Radisson Blu Resort Goa Cavelossim Beach For Event Details, Visit here: https://bit.ly/3XhnbKy #BFSIGamechanger #BankingFinancePost #GoldenJubileeEdition #BFSI #GameChangerSummit #FinancialInnovation #IndustryLeadership #EletsGamechanger #EletsBFSI #Innovation #Leadership #Goa  Nalini Venkat | Digit Insurance | Sivakumar Nandipati | Fedbank Financial Services Ltd - Fedfina 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐔𝐩𝐜𝐨𝐦𝐢𝐧𝐠 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬: https://bit.ly/3R9MbPM DM for queries at bfsi@elets.co.in

Unlocking synergies with banks! Join us for the Panel Discussion 'Not Without Banks: The Co-Lending Model' at the ETBFSI NBFC Connect 2024 in Chennai. Explore collaborative opportunities and innovative strategies driving growth in the NBFC sector. Mehernosh Tata, CEO, Edelweiss Retail Finance Limited "It's never one size fits all in co-lending. You keep looking at what the partner brings. You need to see if its tactical partnership or strategic partnership." Ashish Mehrotra, MD & CEO, Northern Arc Capital "As long as we are able to reach last mile in partnership/co-lending, we bring more value to the ecosystem." Vipul Sekhsaria, Co Founder and COO, Kaleidofin Private Limited "Co-lending or BCs are just partnerships for NBFCs. In BC there's senior and junior entities but in co-lending there's equal skin in the game of both, both are equally responsible and answerable." Rakesh Kaul, CEO, Clix Capital "There is no one solution that'll solve all your needs. The data is so compelling and with the whole formalisation of the economy, the ability to underwrite is becoming far more easier." Moderator: Dr. Saibal Paul, Deputy Director, Sa-Dhan Know more- https://bit.ly/3Owey9x  #ETBFSI #ETNBFCConnect #Chennai2024 #BFSIEvent #FinanceInnovation #Finance #NBFCs

Outcomes of the Special Address by Shri Ajith T S, DGM, SIDBI(Small Industries Development Bank of India) at the 17th NBFC & FinTech Conclave & Awards 2024  1. SIDBI has automated the lending processes and it offers loans within an hour. 2. 94.5 per cent of the units are still belonging to micro category, and the remaining belongs to the small and medium categories. There lies a scope for upgradation of the units as well as for the players in the credit delivery process. 3. India looks forward to be the third-largest economy and $10 trillion economy by 2030 and the FinTechs and new lending platforms will play a puvoital role in this. 4. Out of the 6.33 crore of MSME units, only 17% get financial assistance from the formal banking channels. #NBFC #FinTechSummit #CoLending #FinanceTrends #EmergingTrends #FinanceInnovation #IndustryLeaders #Networking #Finance2024 #ConclaveAndAwards #FinTech B2B Market Media | The Founder Media Anupam Gupta Ashish Srivastava Virendra Kashyap Akanki (एकांकी) Sharma Taposhi Bose Anchal Gupta Priyansh Saharawat Priyanshi Chaudhary Anmol Singh Abhinav Chaudhary Dorina Bhattacharjee PRACHI VASHISTHA

📢 IndusInd Bank Gets Green Light from RBI! 🚀 Exciting news in the finance world! IndusInd Bank has just received approval from the Reserve Bank of India (RBI) for its latest initiative. This crucial nod is set to propel the bank's strategic plans, aiming to enhance its service portfolio and drive greater financial inclusion. 🌟 On August 19, IndusInd Bank proudly shared that the Reserve Bank of India (RBI) has granted approval for us to establish a new subsidiary dedicated to asset management. This subsidiary will focus on managing mutual fund operations and will be supported by a significant infusion of equity capital from IndusInd Bank. This development also follows a strategic agreement involving IndusInd International Holdings Limited (IIHL), a Mauritius-based investment firm with a strong presence in banking and finance, and Invesco Ltd. Under this agreement, IIHL is set to acquire a 60% stake in Invesco Asset Management, further bolstering our position in the asset management space. The upcoming features and services will cater to a wider range of customers, showcasing IndusInd Bank's dedication to innovation and excellence. 💼💡 This development not only highlights the bank's growth trajectory but also reflects the RBI's support for progressive banking practices. Stay tuned to see how this move will reshape the banking landscape and benefit customers across the board! 📈 #FinanceClub #Fincore #IBSDehradun #FinanceGetsFriendly #BusinessNews #InduslndBank #RBIApproval #BankingInnovation #IndusIndBank

SIDBI participated in the Financial Inclusion Conclave 2024 – Serving the unserved Bharat organised by CIBIL Transunion at Mumbai. The event aimed at exploring the importance of data and technology in achieving the vision of greater financial inclusion through digital lending. Panel discussion was held on balancing growth while managing risk for financial inclusion. Speakers focused on the need for robust systems to give impetus to growth. Sh. Satyaki Rastogi, CGM, SIDBI highlighted the need for utilising information from all available sources including alternate & surrogate data and credit bureaus in order to ensure robust credit underwriting. Evolution with good lending practices shall remain the need of the hour for achieving sustained growth. Ministry of Micro, Small and Medium Enterprises, Government of India #SIDBIMSME #DigitalBankingUnit #BackingMSMEs #BuildingFuture #FinancialInclusionConclave #CIBIL #SIDBI_Mumbai #SustainableGrowth

Vaidyanathan V, Chief Information Officer, Unity Small Finance Bank In the world of technology, change is the only constant, whether in the BFSI sector or any other industry. This rapid evolution poses a significant challenge for those tasked with staying abreast of developments. Over time, there has been a shift from a technology-focused mindset to one where technology and business thinking are deeply intertwined. Adapting to this shift is crucial, especially as business needs evolve continuously. Our efforts must align with these evolving requirements, while also conveying the symbiotic relationship between technology and business. Technology introduces new avenues for business growth, while business needs to drive the demand for innovative technological solutions. 𝐋𝐨𝐜𝐚𝐭𝐢𝐨𝐧: O’ By Tamara, Thiruvananthapuram, Kerala For more details, Visit: https://bit.ly/3upcQA2 #BFSICXO #EletsBFSI #CXO #BFSIsector #Automation #Innovation #TechnologyLeadership Roopesh C. | Nina Nagpal | Sivakumar Nandipati | Fedbank Financial Services Ltd - Fedfina | Ashton D'Cruz | NatWest Markets Plc

Exploring synergies for future success! Join us for the Panel Discussion 'Mapping The Collaborations' at the ETBFSI NBFC Connect 2024 in Chennai. Engage with industry experts as they discuss strategic partnerships and innovation in the NBFC sector. Ganesh Narayanan, CEO, CreditAccess Grameen Limited "For collaborations, both institutions should be able to appreciate each other and understand the customer profiles. They should be able to walk together and not just limit themselves to policy." Alok Aggarwal, CEO, Muthoot Homefin (India) Limited "RBI has been very proactive in levelling the playing field. Regulations of banks and NBFCs are almost at par now." Jatinder HANDOO, CEO, Digital Lenders Association of India (DLAI) "Digitisation is not an option now, it has facilitated in reducing the turnaround time." Praveena Gundiah, Commercial Director , Iron Mountain India "Collaboration has increased the share of the pie and it has worked well for each company. It has helped in increasing the credit accessibility for the masses." Moderator: Amol Dethe, Editor, ETBFSI Know more- https://bit.ly/3Owey9x #ETBFSI #ETNBFCConnect #Chennai2024 #BFSIEvent #FinanceInnovation #Finance #NBFCs

Continuing to bringing you live updates from the #DLAIConclave24 After the CEO & President of DLAI, we have a special address by S Ramann Sivasubramanian Ramann, CMD, SIDBI. His keynote speech was power packed and instilled a renewed sense of vigour and faith amongst the digital lending community. Sharing his vision for the digital lending community, he mentioned how the community needs to work together to provide a credit of about 30,00,000 crore in the next three years to the MSME sector alone. Sivasubramanian Ramann further mentioned how the SME borrower market is very large and has a lot of potential as they need credit. His special address also relayed how the combined expertise of NBFCs and banks is the key to lending more - in quantum and in terms of improving price of credit. Don’t go anywhere as we’re bringing you more live updates from #DLAIConclave24, happening NOW at ITC Maratha, Mumbai. Next up, we have our first panel discussion on “Show me the money - Navigating the supply side for digital lending through cycles.” #DLAIConclave #Conclave2024 #ResponsibleLending_DLAI #FintechInnovation_DLAI #FintechIndia #FintechIndustry #Fintech2024 #FintechCompliance #DigitalLendersAssociationOfIndia #DLAI #specialaddress #fintechvision #sidbi #MSMEcredit

𝗜𝗻𝗱𝗶𝗮'𝘀 𝗡𝗕𝗙𝗖 𝗮𝗻𝗱 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 - 𝗔𝗯𝘂𝘇𝘇 𝘄𝗶𝘁𝗵 𝗶𝗺𝗽𝗮𝗰𝘁𝗳𝘂𝗹 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻. The IBSi Galaxy(TM) data reflects NBFCs' success, outperforming traditional banks in the credit and mortgage sectors by cleverly leveraging technology. With an equitable loan distribution, almost mirroring the banking sector in the commercial and retail segments, NBFCs are redefining inclusivity and accessibility in financial services. The latest figures indicate a striking parity in loan distribution with the retail and commercial sectors each accounting for 𝟰𝟵% and a modest but critical 𝟮% dedicated to microfinance. 𝗧𝗵𝗶𝘀 𝗯𝗮𝗹𝗮𝗻𝗰𝗲 𝗱𝗲𝗺𝗼𝗻𝘀𝘁𝗿𝗮𝘁𝗲𝘀 𝗮 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗳𝗼𝗰𝘂𝘀 𝗼𝗻 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝘁𝗵𝗮𝘁 𝗵𝗮𝘃𝗲 𝗯𝗲𝗲𝗻 𝘁𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹𝗹𝘆 𝘂𝗻𝗱𝗲𝗿𝘀𝗲𝗿𝘃𝗲𝗱. 𝗥𝗲𝘁𝗮𝗶𝗹, 𝗯𝗲𝗶𝗻𝗴 𝘁𝗵𝗲 𝗯𝗮𝗰𝗸𝗯𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗜𝗻𝗱𝗶𝗮𝗻 𝗲𝗰𝗼𝗻𝗼𝗺𝘆, 𝗮𝗻𝗱 𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝘀𝗲𝗰𝘁𝗼𝗿𝘀, 𝗯𝗲𝗶𝗻𝗴 𝘁𝗵𝗲 𝗴𝗿𝗼𝘄𝘁𝗵 𝗱𝗿𝗶𝘃𝗲𝗿𝘀, are both receiving a significant boost from the NBFC sector. #NBFCs in #India are gaining a competitive advantage by leveraging technology for efficient service and greater market reach, boosting risk management and customer trust. Rising demand, tech revolution, customer obsession, and evolving regulations paint a dynamic picture. This is just the tip of the iceberg! What are your thoughts on this exciting ecosystem?  What are some new ways you see NBFCs playing a role in the future of finance? | Sahil Anand | Ramkumar Venkataraman | Chetan Parekh | Ramakrishnan Viswanathan | Pankul Verma | Angleen Malik | Aditya Agarwal | Robin Amlôt | Ojas Kulkarni | Nikhil Gokhale | Subit Saurav | Sunny Desa | #IndiaFintech #NBFCs #FinancialInclusion #FintechInnovation #FutureofFinance

Why Banks do not understand where to spend their money and invest If they do not know then let them follow #ICICIBank ICICI increased its expenses on #technology from 5.6% in 2019 to 9.4% in 2024 and still showing great results. As expenses would go up in 5 years, their budget must have gone up 3-4 times during the period. So it has been working over several years while others are still contemplating what to do. #RBI is absolutely spot on in punishing #HDFCBank earlier and now #Kotakbank Change or perish #Riskmanagement #Innovation #Bank Alekh Angre