It is targeting to open 33 new branches to reach a total of 72 by March 2018.Unlike many NBFCs focused on a single product for a particular sector such as consumer or transport or gold , Aditya Birla Finance is looking to grow all lines of business. It has a diversified book and caters to consumer segment and companies of all sizes.GST is expected to enhance opportunities for NBFC. “Earlier, we were trying to throw a surrogate method to assess the balance sheet and now it’s a proven on the credential, which is based on the cash flow and the turnover,” said Rakesh Singh, CEO of Aditya Birla Finance. The company is not just looking at borrowing requirement of small businesses but also looking at their working capital gaps. It does deduplication both on the customer and on the property, and carries out online verification using fraud detection tools to assess ability to pay and intent to pay.

Source: Economic Times December 08, 2017 06:45 UTC