NBFC Evolution: Tech, Deals & Regulation

Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?

I am a law graduate and Company Secretary with 30+ years of experience in corporate governance, regulatory compliance, and legal matters. My work experience has been in the BFSI sector, ranging from Asset Management (mutual funds/PMS), PE Funds, FII institutions, Payment systems, and NBFCs, with NBFCs being the most recent. My forte has been driving policy change and securing regulatory approvals/ licenses from Securities and Financial Market regulatory Authorities.

As regards the NBFCs, I was instrumental in setting up a robust governance model by redesigning operating Policies and standard procedures, conducting compliance training, and conducting compliance audits and reviews in line with the applicable regulatory regime. In addition, I conducted a Compliance Risk Assessment to ensure the effective implementation of all Rules, Regulations, and Guidelines. As a Board advisor, guided management on the causes and effects of new rules, amendments, etc.

Q2. Looking at the next 3 years of Indian NBFC regulation, which specific 'policy execution gap' will separate the survivors from those forced into distressed M&A?

To my understanding, the regulator has a sharp focus on the…