Career Insights: NBFCs and Credit Fintech Platforms

CFA Institute Live Webinars

Presentation

Recorded 4 July, 2024

Overview

Over the past few decades, nonbanking financial companies (NBFCs) have grown significantly and now play a key role in providing financial services, predominantly offering credit to large segments of the population in India. As of fiscal year 2023 (FY23), NBFCs had an 18% share in overall systemic credit in India. Industry sources, such as rating agencies, expect NBFC credit to grow at a CAGR of 12–14% over the next few years. Furthermore, within NBFC credit, retail credit constitutes more than 55% and is expected to grow. Given the large opportunity in this market, we have also seen the emergence of fintech platforms that are focused on delivering credit and other financial services to end customers, generally in partnership with NBFCs and banks. Join us for an insightful webinar with Bama Balakrishnan, who was most recently chief operating officer of Northern Arc Capital, one of the leading players among India’s diversified NBFCs in terms of assets under management as of 31 March 2023, with a business model diversified across offerings, sectors, products, geographies, and borrower categories.

Learning Outcomes:

Gain an overview of the NBFC space in India.
Learn about the trends, competitive dynamics, and emerging business models.
Review the relevant skills, competencies, and hiring practices.
Discuss career options and long-term career paths for CFA® charterholders.

This is the archived version of a live webinar that took place on 4 July 2024

About the Speaker(s)

Bama Balakrishnan has more than two decades of experience in the financial services industry with a broad view of banking, nonbanking financial services, impact investing, and alternative asset management. She spent more than a decade each with ICICI Bank and Northern Arc Capital, playing multiple chief executive officer roles in her latter position in addition to serving as a member of the Investment Committee for funds managed by a subsidiary, Northern Arc Investments Manager. Most recently, Balakrishnan was chief operating officer at Northern Arc, leading the intermediate retail and mid-market business across origination and placements.

Litesh Gada is extremely passionate about equity investments and has almost 15 years of professional experience in private equity, investment management, direct tax (advisory), mergers and acquisitions (tax and regulatory), and corporate finance. He has rich and in-depth knowledge in valuation, investment structuring, mergers and acquisitions, and transfer pricing. Gada has hands-on experience in the entire investment process from deal initiation until disbursement of money to the companies. He has been responsible for monitoring and handholding portfolio companies on a regular basis. Gada’s core expertise is to assist midsize and small companies that have growth potential in raising funds and scaling operations. Gada is a CFA® charterholder, chartered accountant (CA), and company secretary (CS). He earned his bachelor’s and master’s degrees in commerce from Mumbai University.

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