Finesse, the Finance Club of the Institute of Management, Nirma University (IMNU), held FinTalk 1.0 featuring Mr. Sanjay Shukla, Managing Director of the National Housing Bank, as the distinguished guest speaker.
In his address on the theme “The Evolution of Retail Finance in India,” Mr. Shukla elaborated on the impact of housing across more than 32 business sectors and the swift growth of retail credit through instruments such as credit cards, gold loans, and microfinance. He emphasized the role of government initiatives, including zero-balance accounts and direct benefit transfers, in enhancing financial inclusion.
Additionally, he discussed the rise of digital transactions via UPI, the distinctive significance of gold loans, and the challenges faced in lending to small businesses, while underscoring the substantial growth potential within retail finance. The session wrapped up with an engaging Q&A segment, providing students with valuable perspectives on retail finance trends and career pathways.