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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

Topics
NBFCs | finance | shadow banking

Raghu Mohan 



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 business. Their entrepreneurial ventures kicked off around the time that the blowouts at Infrastructure Leasing & Financial Services (IL&FS) and Dewan Housing Corporation (DHFL) occurred.

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First Published: Sun, January 29 2023. 17:53 IST

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