Mumbai, 6th March 2018: Owing to the growing significance of Non-Banking Financial Companies (NBFCs) & Micro-Finance Institutions (MFIs) in the country, The Economic Times is set to host the first edition of NBFC & MFI Summit on 8th March 2018. This day-long conference will have an eclectic mix of speakers highlighting the overall success of the industry through case studies; discuss the challenges through panel discussions and exploring ways in which technology is changing the face of this industry. The event will be held at The Lalit Mumbai.
NBFCs and MFIs have served as important lending machinery that supports the government's financial inclusion mission. NBFCs have scripted a great success story. Their contribution to the economy has grown in leaps and bounds from 8.4% in 2006 to above 14% in March 2015. In terms of financial assets, NBFCs have recorded a healthy growth-a Compounded Annual Growth Rate of 19% over the past few years-comprising 13% of the total credit and expected to reach nearly 18% by 2018-19.2. This summit provides a platform for enabling thoughts and charting a roadmap for the future of NBFCs across the country.
Talking about the event, Mr. Deepak Lamba, President - Times Strategic Solutions, said "NBFCs and MFIs play a very critical role in our rapidly developing Indian financial system. It plays an important role in the core development of the country's infrastructure, transport, employment generation, wealth creation opportunities, and financial support for economically weaker sections; they also make a huge contribution to state exchequer. The Economic Times NBFC & MFI Summit 2018 is a landmark event for leaders in the industry to provide useful insights into this important segment of the economy, which is being streamlined to fund important sectors that will boost the economy."
The event will be graced by the eminent speakers and experts - Raman Aggarwal, Chairman, FIDC & SVP & Corporate Affairs, SREI, Ramesh Iyer, Vice Chairman & Managing Director, Mahindra & Mahindra Finance, V S Radhakrishnan, CEO & MD, Janalakshmi Financial Services, Chandra Shekhar Ghosh, Chairman, Bandhan Bank, Usha Thorat, Former RBI Governor and George Alexander Muthoot Managing Director, Muthoot Finance to name a few.
The summit is a momentous event for networking with like-minded people from the sector. Government officials and regulators, business leaders from reputed Non-Banking Finance sector, micro finance institutions, banking and financial organizations, tech providers, venture capitalists & angel investors, law makers, financial experts, scholars amongst other important entities will be a part of the event as speakers and delegates.
About ET Edge
Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through summits and conferences in overarching lectures, hands-on workshops, panels, roundtables and case studies.