Highlights

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.

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:

• Customers
• Liquidity
• Collections

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?

• What are the opportunities for NBFCs and MFIs post covid19?
• What is the role of Video KYC?
• Are we not taking risk by introducing more technology in lending process?
• Government announced schemes to help MSME and NBFC and MFI? What are the schemes and how we take advantage of them?
• How do we improve the risk evaluation of customer using technology? How do we do cashless collection in MFI?