New Delhi, May 23 -- If you have been part of India's NBFC journey over the last decade, the shift is impossible to miss. An industry once labelled as "shadow banking" - operating with limited data symmetry and without the backbone of formal credit bureaus - has steadily evolved into one of the most critical pillars of our financial ecosystem.

What set NBFCs apart even then was their agility - the ability to move faster, adapt quickly, and serve segments that traditional banking often could not reach.

What's remarkable today is how that same entrepreneurial agility has been amplified by technology.

NBFCs are no longer just complementing banks; they are competing with them on scale, sophistication, and speed.

But the real transformatio...