The 10 Most Admired Non Banking Financial Companies In 2018

Avanse: Quality education forms the bedrock of sustainable development of any country. As India gears to become the workforce powerhouse of the world, enabling structures need to be put in place that ensures world class education for all in the country. Every Indian youth has a right to the best in education. And lack of funds must be the last hindrance to this dream.

Aris Capital: Over the last few years, the role of Non Bank Finance Companies in India has only been increasing in reaching out to and servicing the hundreds of millions of unbanked and difficult to reach rural and semi-rural populations. The importance of local financing is continuing to grow in developing economies and emerging markets.

Jagaran Microfin: The changing economical ways of financial establishments are giving a new shape to India’s financial situations. MFI plays a vital role in the core development of infrastructure, transport, wealth creation opportunities, employment generation, and financial support for economically weaker sections; they also create a mammoth of contribution to the state exchequer.

Light Microfinance: In the present economic system of India, Non-Banking Financial Companies have a significant role in providing accessible and affordable financial services. Because of the consistent neglect by the banks of non-salaried Professionals, individuals, traders, transporters and stockbrokers, and the ongoing stress in the public-sector banks due to mounting debt, NBFCs have a lucrative opportunity to expand their presence in the Indian financial sector, more specifically the underserved.

Margdarshak: In the present economic system of India, Non-Banking Financial Companies are playing a significant role by affording niche services to the customers in the financial service industry. NBFCs now are challenging the banks and financial institutions by offering more personalized services.

SAFL: NBFCs over the years have played a vital role in the development of the economy, be it in financial intermediation in rural and semi-urban areas or financing activities that are engines of growth, such as transport, infrastructure, farm and MSMEs. NBFCs growth during the last two years has been quite impressive in spite of the challenging environment and developments like demonetization.

Shikhar Microfinance: Shikhar came into being with a vision to build an organization to cater to the people who, due to their social location, did not have access to resources and institutions to fulfill their needs and aspirations. Shikhar wanted to bring to these people, an alternate source of borrowing, to help them develop a sense of entrepreneurship which would free them from the clutches of the loan sharks and local money lenders.

SV Creditline: The Non-Banking Financial Companies (NBFC’s) and Microfinance Institutions (MFI) in India plays a pivotal role in driving the inclusive growth of the country. Independent researchers suggest that with forty-seven million borrowers and around fifteen billion USD as outstanding loans, India was the leader in 2016 in terms of microfinance.

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