VMPL
New Delhi [India], May 6: Esteemed NBFC (Non-Banking Financial Company) advisor and Chartered Accountant, Manish Mishra, Founder of GenZCFO, and CA Manoj Singh, today announced the launch of his highly anticipated book, “Sahukari to Digital Lending: A Comprehensive Guide to India’s Evolving Lending Landscape, with Chetan Bhagat” This seminal work meticulously traces the historical trajectory of lending practices in India, from the traditional era of moneylenders (Sahukars) to the transformative rise of digital lending platforms.
Drawing upon his extensive experience in the financial services sector, Mishra provides an in-depth and insightful analysis of the forces that have shaped India’s lending ecosystem. The book delves into the intricacies of both traditional and modern lending methodologies, offering a comprehensive understanding of the challenges, opportunities, and regulatory nuances that define the industry today.
“Sahukari to Digital Lending” serves as an invaluable resource for a wide spectrum of readers, including financial professionals, policymakers, entrepreneurs, students of finance and economics, and anyone seeking a deeper understanding of India’s dynamic financial landscape. The book meticulously dissects the evolution of lending, highlighting the socio-economic context that influenced each phase. It explores the role of traditional moneylenders, the emergence of formal banking institutions, the rise of NBFCs, and the disruptive impact of financial technology (FinTech), leading to the proliferation of digital lending platforms.
Mishra’s work critically examines the advantages and disadvantages of each lending model. It sheds light on the operational practices, risk management strategies, and regulatory frameworks governing both traditional and digital lending entities. The book provides a detailed analysis of the key drivers behind the digital lending revolution in India, including increasing internet penetration, the widespread adoption of smartphones, and the government’s push for financial inclusion.
Furthermore, “Sahukari to Digital Lending” delves into the various facets of digital lending, including peer-to-peer (P2P) lending, online marketplaces, and the use of artificial intelligence (AI) and machine learning (ML) in credit assessment and loan processing. It explores the potential of these technologies to enhance efficiency, reduce costs, and expand access to credit for underserved populations.
However, the book also addresses the inherent risks and challenges associated with the rapid growth of digital lending. It critically examines issues such as data privacy, cybersecurity, regulatory arbitrage, and the potential for predatory lending practices. Mishra offers insightful perspectives on the need for a robust and adaptive regulatory framework to foster innovation while safeguarding consumer interests and maintaining financial stability.
Key Highlights of “Sahukari to Digital Lending”:
* Historical Perspective: A detailed journey through the evolution of lending in India, from the era of Sahukars to the digital age.
* Comparative Analysis: An in-depth comparison of traditional and digital lending models, highlighting their strengths and weaknesses.
* Digital Lending Landscape: A comprehensive overview of the various types of digital lending platforms and their operational mechanisms.
* Technological Impact: An examination of the role of FinTech, AI, and ML in transforming lending practices.
* Regulatory Insights: A critical analysis of the existing and evolving regulatory landscape governing both traditional and digital lending.
* Risk Management: A discussion of the key risks associated with different lending models and strategies for effective risk mitigation.
* Financial Inclusion: An exploration of the potential of digital lending to promote financial inclusion and reach underserved segments.
* Future Trends: Insights into the future of lending in India, including emerging trends and potential disruptions.
Speaking about his book, CA Manish Mishra said, “The Indian financial landscape is undergoing a dramatic transformation, with digital lending emerging as a powerful force. ‘Sahukari to Digital Lending’ is an attempt to provide a holistic understanding of this evolution, bridging the gap between traditional practices and modern innovations. I aim to equip readers with the knowledge and insights necessary to navigate this dynamic environment responsibly and effectively.”
The book is meticulously researched and draws upon Mishra’s extensive experience advising numerous NBFCs on regulatory compliance, risk management, and strategic growth. His deep understanding of the Indian financial ecosystem lends credibility and practical relevance to the content.
“Sahukari to Digital Lending” is poised to become a definitive guide for anyone involved in or interested in India’s financial services sector. It offers a balanced perspective, acknowledging the contributions of traditional lending while embracing the potential of digital innovation, all within the context of a robust and evolving regulatory framework.
About the Author:
CA Manish Mishra is a seasoned Chartered Accountant and a highly respected advisor in the Non-Banking Financial Company (NBFC) sector. With over 20 years of experience, Mishra has advised numerous NBFCs and FinTechs on regulatory compliance, risk management, strategic planning, and business development. His deep understanding of the Indian financial landscape and his insightful perspectives make him a sought-after expert in the field. He is committed to fostering a robust and responsible financial ecosystem in India.
“Sahukari to Digital Lending: A Comprehensive Guide to India’s Evolving Financial Landscape” is available for purchase from Amazon.
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