The Non-Banking Financial Companies (NBFCs) sector in India has undergone remarkable growth, establishing itself as a significant player within the country's financial landscape. Also, the space as a whole, has witnessed notable transformations ever since its emergence, with segments such as housing finance, microfinance and consumer finance contributing to its expansion. This growth is driven by various factors, such as a rising middle class, enhanced financial inclusion and positive policy interventions.
In light of the above background, we would like to present a report titled, ‘NBFC’s in India: Growth and Stability’ put together by KPMG in India and CII which was launched at the 6th CII NBFC Summit in Mumbai on 9th Feb’24. The report offers a holistic view of the existing NBFC landscape in India along with touching upon aspects like its drivers for development and expansion. It also delves into the role and impact that technology, data and analytics have had on the space throughout the entire value chain of NBFCs along with aspects like emergence of super apps, digital sourcing, and partnerships etc.
Additionally, it also highlights the significance of digital tools in collections, fraud management, cyber and data security in the NBFCs space along with challenges they are confronted with and the strategies that can be adopted to thrive in this competitive scenario in India.
For a more detailed perspective and understanding, refer to the report.
