National E-Summit

Non-Banking Finance Companies

Stability & Sustainability of Financial Sector

Friday, 06th November 2020 (11:00 AM-02:00 PM)


Greetings from the ASSOCHAM,

 

The important role being played by NBFCs in funding the unfunded, including the MSMEs, has been duly recognized by the Govt. This has led to several measures taken by Ministry of Finance and RBI to provide liquidity support to NBFCs, especially, during the last 2 years after the IL&FS debacle. Post the COVID driven lockdown further steps were taken in this direction under the “Atmanirbhar Bharat” package. The World Bank has recently sanctioned a $ 750 million Development Policy Loan to Govt of India for supporting the MSME sector. However, the unprecedented coronavirus impact has caused a drastic slowdown in economy due to low capacity utilization which has impacted the Non-Banking Financial Companies sector. NBFCs especially a large number of small and medium sized have been facing a liquidity crunch since 2018, after the IL&FS fiasco.

 

The impact of the liquidity crisis across various classes of NBFCs may be analyzed vis-à-vis the exposure it has towards the borrower segments whose economic activities have been severely impacted. With the economic and consumption activities a bust in many sectors, the NBFCs with loan exposures in the such sectors will be hit the worst in the wave of this global pandemic. The increasing loan losses and inaccessibility to new capital is likely to exacerbate the liquidity stress. The Reserve Bank of India’s plan to allow a one-time loan restructuring will bring relief to many stressed borrowers. However, the riders put in place by the central bank are bound to create headwinds for stressed Non-Banking Financial Companies (NBFCs) as they have been left out of the list of eligible entities. If restructuring is not allowed for an NBFC, it becomes a provisioning issue, while it leaves the borrower with a damaged credit score.

In this connection, on behalf of the ASSOCHAM National Council for Non-Banking Finance Companies, we cordially invite you as delegate to attend this timely and meaningful discussion and request you to get registered through the following link: 

https://assochamindia.webex.com/assochamindia/onstage/g.php?MTID=e2ee24d37467b0ee6d480e179eb85fe7a

 

Key Areas of Discussions:-

  • Term Loans Mode of Funding
  • Co-Lending Model
  • Utilization of LTRO & TLTRO
  • Credit Rating Should Not be an “Eligibility” Criteria
  • Asset-Liability Mismatch & Risk-aversion of Banks
  • Stimulus 2.0
  • Small and Medium NBFCs Should be Funded by FIs / SPV
  • Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs).
  • Impact of Partial Credit Guarantee Scheme & extended time period.
  • NBFCs post one-time restructuring.

 

 Eminent Speakers:-

  • Shri Anurag Singh Thakur, Hon’ble Minister of State for Finance, Government of India
  • Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India
  • Dr. Niranjan Hiranandani, President, ASSOCHAM Co-Founder & Managing Director, Hiranandani Group of Companies
  • Shri Ramesh Iyer, Vice Chairman & MD, Mahindra & Mahindra Financial Services Pvt. Ltd.
  • Shri Umesh Revankar, MD & CEO, Shriram Transport Finance Company Ltd.
  • Shri Dinesh Kumar Khara, Chairman, State Bank of India
  • Shri S. Ramann, MD & CEO, National E-Governance Services Pvt. Ltd.
  • Shri Raman Aggarwal, Co-Chairman, ASSOCHAM National Council for NBFC
  • Shri George Alexander Muthoot, MD, Muthoot Group
  • Shri V. P. Nandakumar, MD & CEO, Mannapuram Finance Ltd.
  • Shri Prabhakar Bobde, CEO, Sustainable Agro-commercial Finance Ltd.
  • Shri Bhavik Hati, MD, Alvarez & Marsal
  • Shri Shachindra Nath, Executive Chairman & MD, U GRO Capital
  • Shri S. C. AggarwalCMD, SMC Group
  • Shri Satyam Kumar, Co-Founder & CEO, LoanTap Financials Pvt. Ltd.

* Eminent speakers are subjected to change

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