Shachindra Nath says 2019 was a challenging year for the financial services industry

Shachindra Nath, founder of U GRO Capital, seems to have reached a sweet spot in 2019, a challenging year for the financial services industry. Not only did his private equity-backed non-banking financial company (NBFC) get Flipkart co-founder Sachin Bansal to invest in October, but also top lenders including ICICI Bank, SBI and Bank of Baroda started co-lending with the firm.

But not all lenders have been so fortunate, as Nath acknow....