Alive and kicking: What common thread links the new-age NBFCs?

Using their imagination,new-age shadow banks have shown that their business model can fly

Raghu Mohan
Last Updated at January 29, 2023 18:06 IST

Alive and kicking: What common thread links the new-age NBFCs?

Nearly five years ago, a clutch of financial-industry veterans bet some Rs 6,000 crore on reinventing the shadow banking business. Their entrepreneurial ventures kicked off around the time that the blowouts at Infrastructure Leasing & Financial Services (IL&FS) and Dewan Housing Finance Corporation (DHFL) occurred.

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