FinServ 2018
The rise of NBFCs & Fintechs as financial behemoths
Indian banking industry stood out for its resilience after it emerged unscathed from the global financial crisis of 2008. A lot has changed since then. The banks that were feted for their rootedness then, seem shaky today as they stand crushed under bad loans worth Rs 10,000 crore as of March 2018.
While legacy banking has been a source of grief, India’s stride towards digitization and financial inclusion has brought a lot of cheer. Inhabiting more than 1500 startups, India today is one of the largest fin-tech hubs globally. Fintech has also emerged as one of the most funded sectors. According to VCCEdge, the data and research division of News Corp VCCircle, fin-tech companies raised more than $2 bn in funding in 2017.
Digital payments, lending, financial solutions for those living in India as well as Bharat, UPI riding on the back of UIDAI, are developments that have seen global giants such as Facebook, Google, and Amazon make a fervent pitch in the country.
A recent report by Google and Boston Consulting Group said that digital payments in India will likely grow from $50 bn in 2016 to $500 bn in 2020. This frenzied growth is bound to drive action in larger finserv segments such as insurance, wealth management, lending and even banking.
The emergence of payment banks and the steady progress made by small finance banks are other developments taking shape on the periphery that have the potential to disrupt the sector in the coming years.
All these trends, the opportunities and challenges they throw will be discussed at News Corp VCCircle’s forthcoming FinServ 2018 on 28th August in Four Seasons Hotel, Mumbai.
08:00am - 09:30am
Registration and Networking
09:30am - 09:40am
Opening Address by
Jaideep Mehta - CEO, News Corp VCCircle
9:40am - 9:55am
Special Address by Avendus Capital
Anshul Agarwal - Executive Director and Co-head, Consumer and Financial & Business Services (CFB), Avendus Capital
09:55am - 10:10am
Keynote Address by Guest Speaker
Sanjay Agarwal - MD & CEO, AU Small Finance Bank
10:10am - 10:55am
Panel I: Bank's adversity, NBFCs' advantage
Riddled with scams, investigations and debilitated by toxic loans, most large banks are shying from lending directly to customers, corporate as well as retail. Instead, they are lending to NBFCs, which, in turn, are servicing corporate and retail customers. Has bank’s adversity turned out to be an opportunity for NBFCs?
Ashwini Hooda - Deputy MD, Indiabulls Housing Finance
Sandeep Thapliyal - Managing Director & CEO, Avendus Finance
Krishnava Dutt - Managing Partner, Argus Partners
Gurinder Singh Sehmbey - CEO, Staragri Finance
R Sridhar - Executive Vice Chairman & CEO, Indostar Capital
Ankit Doshi - Special Correspondent, News Corp VCCircle (Moderator)
10:55am - 11:40am
Panel II: Small Banks, big challenges
Loan waivers, demonetization and GST threw a spanner in the works for small finance banks. Sudden surge in bad loans on one hand and complying with stringent RBI regulations as well as lending to weaker sections of the society have made the going tough for them. Yet the promise of more than Rs 30 trillion untapped opportunity continues to inspire the small finance banks.
R Baskar Babu - MD & CEO, Suryoday Small Finance Bank
Rajeev Yadav - MD & CEO, Fincare
Smita Aggarwal - Director- Investments, Omidyar Network
Divya Sehgal - Partner, True North
Bruhadeeswaran R - Assistant Editor, News Corp VCCircle (Moderator)'
11:40am - 11:55am
Networking Break
11:55am - 12:20pm
Fireside Chat - The menace of NPAs
Are recapitalization, IBC, and the non-stop action at NCLT enough to tackle the NPA crisis? Is there an opportunity to kick off deep rooted banking reforms and restructure the public-sector banks?
Ranjani Raghavan - Associate Editor, News Corp VCCircle (Interviewer)
Ashwin Ramanathan - Partner, AZB & Partners (Interviewee)
12:20pm - 01:05pm
Panel III: Affordable housing – taking stock
Reports from the ground suggest that affordable housing (priced at less Rs 25 lakhs) has proven to be uneconomical and most of the action, so far, has remain centered around ‘economic housing’ targeting middle-class population that couldn’t afford houses in big urban centers. While ‘economic housing’ segement is getting crowded, ‘affordable housing’ still remains on the periphery. Should ‘economic housing’ get govt's attention? What more is needed to give a meaningful push to affordable housing?
Sandeep Menon - Founder Managing Director & CEO, Vastu Housing Finance
Anil Mehta - Managing Director & CEO, Indiashelter
Sharad Mittal - CEO, Motilal Oswal Real Estate
Puneet Bhatia - Head real estate, Mirae Asset Global Investments
Vikram Goel - CEO, Quikr Realty
Shobhit Agarwal - MD & CEO, Anarock Capital
Amit Goenka - MD & CEO, NiFCO (Moderator)
01:05pm - 02:00pm
Networking Lunch
02:00pm - 02:40pm
Panel IV: MSME lending : An opportunity to look forward to?
A recent report by ICRA said that there was an unmet credit demand of around Rs 25 trillion from MSME segment in FY17. The report also said MSME lending is likely to grow 12-14% in the next five years. Given the massive unmet demand, the potential for growth and innovative solutions made possible by the use of technology, MSME lending is attracting both investors as well as entrepreneurs. Where will this interest lead the stakeholders?
Brahmanand Hegde - Executive Vice Chairman, Vistaar Financial Services
Asish Mohapatra - Co founder and CEO, OfBusiness
Alok Mittal - Co founder & CEO, Indifi technologies
Arun Nayyar - CEO, NeoGrowth Credit Pvt. Ltd
Abha Agarwal - Executive Director and Co-head, Consumer and Financial & Business Services (CFB), Avendus Capital (Moderator)
02:40 - 03:00pm
Fireside Chat - From pure equity to preferred equity, structured debt to construction finance and bulk buying, how is real estate financing evolving in a sluggish market?
Anuj Puri - Chairman, Anarock (Interviewer)
Khushru Jijina - Managing Director, Piramal Capital & Housing Finance Ltd (Interviewee)
03:00pm - 03:45pm
Digital Track: Transformation in Banking & Financial Services
Track 1: Digital Banking:
Government’s push towards digitization, a young population and millions of smart phone users on one hand and the frenetic exploration of analytics, block-chain, machine learning, and artificial intelligence in making services accessible and efficient for both users and service providers on the other, are changing the face of finserv sector as we have known it. Gauging the big developments.
Track 2: Digital Payments:
The Reserve Bank of India recently kicked off a discussion on allowing more entities in the digital payments business. The objective seems to be pushing digital payments that seem to have slowed post demonetization. At present, only 12% of transactions in India are digital. Along with more players, what other steps need to be taken to push digital payments in India?
Track 3: New age fin-tech companies and legacy banks:
Thanks to their size and legacy, old banks have not been able to keep up with the young and nimble-footed fin-tech companies that are disrupting all segments of financial services. Building, acquiring or incubating – what is a better option for banks to gain tech prowess?
Shankar Subramaniam - India Head, Global Transaction Services, Bank of America Merrill Lynch
Munish Dayal - Senior Partner, Barings Private Equity
Vishal Kanvaty - Senior VP Products and Innovation, NPCI
Ramaswamy Iyer, Founder & CEO, Vayana Network
Ganesh Rengaswamy, Co founding Partner, Quona Capital
Shalil Gupta - Chief Business Officer, News Corp VCCircle (Moderator)
03:45pm - 04:00pm
Networking Break
04:00pm - 04:50pm
Panel V: The future of Consumer Lending
Paperless lending has come a long way over the last five years reducing costs for lenders and easing the lending process for borrowers. With lower average interest rate as compared to traditional banks, digital lending has found early adoption in India. From merely offering consumer and personal loans, lenders are now growing their lending books by offering educational and micro loans. With more investors picking stake in lending platforms what is the future of digital lending?
Krishnan Vishwanathan - Founder & CEO, Kissht
Sachin Sharma - Head- Digital Lending, RBL Bank
Akshay Mehrotra - CEO, Early Salary
Gaurav Hinduja - Co founder & CEO, Capital Float
Prashanth Ranganathan - Founder& CEO, Paysense
Pankaj Naik - Executive Director & Co Head Digital and Technology, Avendus Capital (Moderator)
04:50pm - 05:00pm
Closing Address by
VCC Events opens up the avenues for participation. Join hands to be a part of India’s largest gathering of alternative investments leaders, industry stakeholders and Asia’s influential limited partners, general partners and marquee advisors. Your chance to actively participate and augment yourself as thought leaders.
FOUR SEASONS HOTEL, MUMBAI
Date: August 28, 2018
Venue: FOUR SEASONS HOTEL, MUMBAI
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