Nelito Systems, held a virtual symposium on 3rd June 2020 on "How should NBFCs Cope in the post Covid-19 world?"
The Virtual Symposium was organised to gather views of industry experts as Government of India moved to lift the Covid-19 related lockdown in phases. The Government and Finance Industry Development Council (FIDC) is helping the non-bank entities to provide liquidity support to their borrowers.
The session brought our insights on how NBFCs and MFI are building strategies to boost repayment collection to revive cash flow and resume loan disbursement to restore normalcy in credit cycle. It helped to understand the current situation and opportunities lying ahead for NBFCs.
The panel comprised of:
Puneet Kaur Kohli, CTO & CIO, Manappuram Finance Ltd.,
Anjan Dasgupta, Managing Director, ASA International India Microfinance Ltd.,
Pankaj Agarwal, Director, KPMG
CEO, Nelito Systems Pvt. Ltd. moderated the panel discussions.
CTO & CIO,
Manappuram Finance Ltd.
ASA International India Microfinance Ltd.
The 70-day lockdown has hit the NBFC and MFI sector like never before. NBFCs focusing on MSME faced problems like cash flow, demand and have availed moratorium of 3 months. Personal loan disbursement has stopped but the collections continue.
The three most important things to handle in Lockdown are:
In this discussion you will get to hear the views of our eminent speakers on how Covid-19 and lockdown affected them and their company?
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