Centrum
“Can Centrum evolve from an NBFC and microfinance group into a full-service Small Finance Bank serving underserved SME and retail segments across India?”
HQIndia
IndustryFintech / SMB banking
The story
Centrum is an Indian financial services group that has expanded from investment banking and wealth management into lending (NBFC via Centrum Financial Services Ltd.) and microfinance (Centrum Microcredit Limited). A landmark development was the joint venture with BharatPe to jointly build a Small Finance Bank, marking Centrum's pivot from non-bank credit origination toward a regulated banking entity. The group's embedded finance angle involves credit distribution through digital partnerships such as PayNearby.
Last 12 months
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Regulated entities
NBFC
India (RBI)
Centrum Financial Services Ltd.
Microfinance Institution
India (RBI)
Centrum Microcredit Limited
The stack
Lending
Accounting gap: none