SAMEER MISHRA

Microfinance is reshaping rural India, and NBFC-MFIs are at the forefront of this transformation. Svamaan, a proud contributor in the NBFC-MFI sector, is enabling financial inclusion and advancing India's journey towards economic growth. Source: Microfinance Industry Network (MFIN) #svamaan #microfinance #womeninmicrofinance #women #growth #empowerment #finance #ruralempowerment #microloans #ruralindia #financialempowerment #financialinclusion #microfinancing

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*NBFCs Diversify Funding Sources Following RBI's Risk Weight Increase* Following the Reserve Bank of India's (RBI) move to raise risk weights on bank borrowings for Non-Banking Financial Companies (NBFCs) in November 2023, NBFCs have started to diversify their funding avenues and reduce their dependence on bank loans. This regulatory change, aimed at managing potential risks, has encouraged NBFCs to seek alternative sources of capital, promoting more secure and sustainable financial practices. Upper-layer NBFCs have responded by leaning heavily on secured funding options, accounting for 85.8% of their total borrowings, while middle-layer NBFCs have had to rely on more costly, unsecured sources. Despite a reduction in bank borrowing, banks remain a significant funding channel, primarily through debentures and commercial paper issuance. This strategic shift demonstrates NBFCs' resilience as they adapt to evolving regulatory frameworks, focusing on building a more stable financial future through diverse funding models. Read this article on Business Standard: https://lnkd.in/gxMfYwWU #NBFC #RBI #FinancialDiversification #CorporateFinance #IndiaEconomy #SecuredFunding

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Ms. Ritu Singh, Senior Economist and Head – MSME Research, will be speaking at the Conference on Digital and Cashless Economy organised by the Confederation of Indian Industry (CII). She will be sharing her views on the topic ‘Payments as a Catalyst for Expanding Financial Product Penetration’ tomorrow. #UGROCapital #Speaker #CII #CashlessEconomy #DigitalPayment

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#VM_view - from the writer’s desk - sample chapter - why government borrowing is not a concern (Not a promotional content but inputs on how market generally behaves at events) Budget has just gone by a fortnight ago and we are staring at a recession in US suddenly Before I’m trolled with charge of promoting the content let me make it clear - the selective group of readers for whom the book was written have already read it and I’m left with no more copies to distribute. If anyone wants now only Amazon ebook is there Since there is limited fictional content on markets - though the legendary mortgage banker has written a few (I guess 9) in backdrop of retail banking - I try to share the snippets mainly to promote market and make people aware that a lot goes in policy formulation - even beyond what we can imagine Read through what was going through minds of policy makers at onset of new millennium, on July 20, Y2K and then at the time of Lehman As I say I don’t need to promote, if you read the chapter you will do the needful on my behalf Enjoy the Sunday read Regards VM https://lnkd.in/dHMg6GNC

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"State Bank of India (SBI) has launched ‘SME Digital Business Loans’, offering end-to-end sanction turnaround time of up to 45 minutes for SMEs (small and medium enterprises). SME Digital Business Loans leverages technology and an ecosystem of APIs (application programming interface) to streamline the lending process. Utilizing authentic data footprints from sources such as ITR (income tax return), GST (goods & service tax) returns, and bank statements, the Bank has developed a data-driven credit assessment engine capable of providing sanction decisions within a remarkable 10 seconds after submitting the required details, without any human intervention, SBI said in a statement. “The proposition eliminates the need for traditional credit underwriting and lengthy appraisal processes...“For loans up to ₹50 lakhs, SBI has waived the requirement for financial statements, relying instead on transaction history and GST returns for appraisal,” the Bank said. Also read: At $742 billion, SBI’s balance sheet exceeds GDP of 174 nations The new loan offering will be accessible to customers through all the Bank’s channels, including its website, branches, SME Centres, as well as internet platforms. Going ahead, SBI will make this product available across all its CSP (customer service point) partner touchpoints and via QR codes at outdoor touchpoints in the coming months. Dinesh Kumar Khara, Chairman, SBI, said, “We have seamlessly integrated innovation with our customer-centric approach to revolutionize the MSME (micro, small and medium enterprises) lending landscape, reducing human intervention and enhancing the ease of doing business, particularly for a segment previously characterized by high costs and manual processes. “By leveraging the rich data footprint of MSME units in the ecosystem, we aim to provide the fastest and most intuitive lending process, further solidifying our position as the leading MSME lender in the country.” The bank registered 20 per cent year-on-year credit growth in the SME segment and the outstanding credit to SME borrowers crossed the ₹4 lakh crore as on March-end 2024. MSME advances have been identified by SBI as the focal point for its growth and profitability over the next five years.. Vinay Tonse, Managing Director (Retail Banking & Operations), SBI, observed that with the launch of SME Digital Business Loans, the Bank is offering a unique proposition to both new and existing MSME relationships, ensuring in principle sanction within 45 minutes, ultimately empowering MSMEs to thrive in today’s dynamic business landscape. The bank said it has also digitized the Mudra product (offering loans to micro units having loan requirement up to ₹10 lakh) and automated the collateral-free process for loans under CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprise ) cover." https://lnkd.in/gGZxnmwY

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Shachindra Nath’s non-banking financial company U GRO Capital has defied all typical growth norms. So has the founder, navigating an oft-contentious niche loan segment. However, NBFCs account for 30% of the total bank credit in India and play a critical role in credit intermediation and outreach👇 Set up in 2018 through the acquisition, recapitalisation and rebranding of the listed entity Chokhani Securities, U GRO took an unconventional route. Profitable from Day 1, it has designed and implemented a proprietary tech stack for loan underwriting and held its ground against formidable competitors. The NBFC’s profit after tax (PAT) soared to INR 119 Cr in FY24, a nearly 200% increase from INR 40 Cr in the previous financial year. 📎 To read in-depth article, click here👇 #NBFC #startups #profits #growth

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Somnath Mukherjee, CIO & Senior Managing Partner at ASK Private Wealth, in a moneycontrol.com feature, delves into the Union Budget. He highlights the government's adherence to Interim Budget deficit targets, accelerated deficit reduction to 4.9% of GDP due to higher RBI dividends, and increased revenue expenditure aimed at job growth. Read the detailed feature here: https://bit.ly/4fjqSGc

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Check out the interview of our MD & CEO Mr. P R Seshadri in The Hindu Business Line. #SIB #SouthIndianBank #CEO #Interview #TrustmeetsTechsince1929

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Microfinance is positively impacting the current landscape of rural India, and NBFC-MFIs play an important role in driving this impact. Svamaan, among the leading NBFC-MFIs in India, takes pride in its role in advancing financial inclusion and contributing to India's journey toward economic empowerment for all. Source: Microfinance Industry Network (MFIN) Micrometer Issue 48 #svamaan #microfinance #womeninmicrofinance #women #growth #empowerment #finance #ruralempowerment #microloans #ruralindia #financialempowerment #financialinclusion #microfinancing

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Microfinance is a powerful engine for rural India's economic boom. Navachetana empowers marginalized communities to participate fully in India's exciting economic future. We are poised for significant growth in the coming years.📊📈🌱🕊️ . . . . #navachetanamicrofinance #Microfinance #FinancialInclusion #WomenEmpowerment #SustainableDevelopmentGoals #FinancialLiteracy #RuralDevelopment

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