Pre-Budget quote - Ondrej Kubik, CEO, Home Credit India
“With the last budget being a progressive one, we expect the government to yet again walk the tightrope between economic growth, fiscal prudence and tackling inflation issue amidst the global headwinds. The major expectation from Budget 2023 would be the support from government to take relevant steps towards enhancing liquidity-enhancement measures for NBFCs as cost of funding has always been on a higher-side especially for non-deposit NBFCs. With India growing at a good pace amidst global headwinds, consumer credit demand has been on the rise, and so, we would want the government to either create a re-financing body parallel to banks to ensure easier access to funds at a competitive rate compared to the market rate or reintroduce the partial credit guarantee scheme. We expect the government to keep moving on the reform path and take further steps in strengthening financial inclusion and digital infrastructure ecosystem in the country.”
~ Ondrej Kubik, CEO, Home Credit India