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ABOUT EVENT
Non-Banking Finance Companies (NBFC) sector is recognised as an integral element of the Indian financial system. It has played a pivotal role in connecting the unbanked and under-banked populace of the country including MSMEs, Retails and Farm sector, to the formal financial system. The role of NBFCs has been particularly recognised for financial intermediation by complementing bank credit, undertaking niche financing and promoting financial inclusion during the phases of lockdowns and restrictions as the continuous flow of credit and liquidity, for business continuity, lives and livelihoods became a real challenge for the economy. The resilience of the NBFC sector was reflected as the consolidated balance sheet continued to grow during the last fiscal, albeit at a slower pace.
To celebrate the resilient role played by the NBFC sector in continuity and sustainability of economic activity through the pandemic phase and to define the path for contributing to the Government’s aspiration of ‘AatmaNirbhar Bharat’, CII is organizing a Virtual NBFC Summit on 22 October 2021.
Shri M Rajeshwar Rao, Deputy Governor, Reserve Bank of India, has kindly agreed address the Inaugural Session