Former Deutsche Bank co-head Anshu Jain bats for wholesale NBFCs in India

Former Deutsche Bank co-head Anshu Jain bats for wholesale NBFCs in India

A file photo of Anshu Jain, former co-chief executive officer of Deutsche Bank AG, who is currently an adviser to fintech company Social Finance Inc. Photo: Bloomberg

Non-banking finance companies (NBFC) providing wholesale funding are critical to the Indian lending ecosystem, especially when banks cannot meet credit demands due to capital constraints, said Anshu Jain, former co-chief executive officer of Deutsche Bank AG.

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