Celebrating 78 Years of Independence as a Proud Banker. Sharing some India’s Financial Milestones on this specious occasion: As we celebrate India’s 78th Independence Day, it’s inspiring to reflect on the remarkable progress our nation has made, particularly in the financial sector. With over 500 million bank accounts opened under the Pradhan Mantri Jan Dhan Yojana, financial inclusion has empowered millions, bringing banking services to every corner of the country. Digital transactions have surged, with UPI (Unified Payments Interface) processing over 9 billion transactions per month, making India a global leader in digital payments. Our banking industry’s resilience and adaptability have been key to driving economic growth and supporting the dreams of our citizens. As a proud member of this sector, I’m committed to continuing this journey by fostering innovation, building trust, and ensuring that our services reach every Indian, no matter where they are. On this Independence Day, let’s celebrate our progress and pledge to contribute to India’s financial future. Jai Hind! 🇮🇳 #IndependenceDay #IndiaAt78 #FinancialInclusion #DigitalIndia #ProudBanker
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🌟 Exciting developments in financial inclusion! 🌟 The Finance Ministry is set to convene a crucial meeting with CEOs of Public Sector Banks today to review the progress of several flagship financial inclusion schemes.. The meeting will focus on schemes like PM Vishwakarma, Jan Suraksha, and Mudra Yojana, among others. This initiative underscores the government's commitment to enhancing access to financial services for all segments of society. It's a significant step towards fostering economic empowerment and inclusive growth across India. Stay tuned for updates on how these initiatives are shaping the future of financial inclusion in our country! 🚀💼 #FinanceMinistry #FinancialInclusion #PMVishwakarma #JanSuraksha #MudraYojana #StandUpIndia #PMsvanidhi #PublicSectorBanks #EconomicEmpowerment Seemit Jain Japjot Singh Sabharwal Dhruv Jain Devansh Gupta Manas Singhania Deep Goradia Pujan Bhatt Deepali Shewale Rohit Baviskar Arjun Singh Aryan Tiwari ASBS & Co eMSME
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Stay abreast of India's Banking and Financial landscape with "The Banking & Finance Update," an in-depth handbook offering thorough insights into the country's evolving financial sector. This comprehensive resource ensures you're up-to-date with the most recent developments, revisions, and updates, such as the Consolidation Of Housing Finance Rules and much more. Siddartha Satish Karnani, Asha Kiran Sharma Sheetal Agrawal, Arsalan Zaidi S.M, Jayanth Ravi, K Yashita Muthamma #IndiaFinance #BankingUpdates #FinancialSector #IndianEconomy #HousingFinance #FinancialRegulations #BankingInsights #KSKnewsletters #KSK
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🎥 Envisioning India’s economic future through financial inclusion In our workshop, Vijayakumar Kandiyil, General Manager at the Reserve Bank of India, spoke about the role of financial inclusion in achieving India’s vision of becoming a $30–35 trillion economy by 2047. Digital payments are set to be a cornerstone of this journey. "Bringing everyone into the digital payment space is a critical step towards achieving this vision." #DigitalInclusion #FinancialInclusion #FintechForAll #InclusiveFinance #DigitalEconomy #FutureOfFinance #FintechInnovation #FinancialAccess #SustainableFinance #DigitalEmpowerment #DigitalLiteracy #Fintech #DigitalPayments #TechPolicy #PublicPolicy #UPI #RBI #NIBM
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As India aspires to become the third largest economy, the financial sector shall play an extremely important role to support and sustain the country’s high economic growth. In this context, I am happy to announce that CII is organising the Financing 3.0 Summit on 2-3 September 2024 in Mumbai. The theme of the Summit is ‘Preparing for Viksit Bharat. The Summit shall have deliberations on various facets of India's Financial Sector. It shall witness a congregation of senior representatives from India’s financial services ecosystem, senior policy makers and dignitaries from the Indian Government, financial sector regulators, corporates, academia, and new age tech companies. Join us for the intriguing discussions by registering at https://lnkd.in/gF8wjEZt Kindly note that the registration is free till 15th July 2024. Thank You Partners Union Bank of India, NSE India, Aavas Financiers Ltd, Nucleus Software, YES BANK, Khaitan Legal Associates Legal Associates, PUNJAB & SIND BANK, Fintech Association for Consumer Empowerment (FACE), Indian Venture and Alternate Capital Association (IVCA) #Financing #Banking #NBFC #viksitbharat2047 #PrivateEquity hashtag #VentureCapital #Insurance #Pensions #Financialmarkets #Capitalmarkets #Fintech #Financialinclusion #Familyoffices #Lending #Economists #Academia #Sustainability #BFSI Sandeep Shah
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In India's financial realm, Non-Banking Financial Companies (NBFCs) continue to play a crucial role in 2024, addressing the needs of underserved segments. Their adaptable lending practices and ability to cater to diverse financial requirements complement the banking sector, while also benefiting from regulatory advantages. This significantly aids in fostering financial inclusion, fueling economic expansion, and strengthening the resilience of India's financial system for the times ahead.
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India's young workforce is changing and evolving wealth management. In this exclusive chat with The Core, Vishal Kampani - our Vice Chairman and Managing Director, explores the big changes in the next 10 to 15 years. #JMFinancial #IndustryInsight
According to JM Financial Ltd's Vishal Kampani, the next 10 to 15 years will see the markets being the owners of assets in India. "You've always seen the banking system being the owner of assets in India. And now in the next 10 to 15 years, you will see the markets being the owners of assets in India. So, a lot of these spaces being created, which are gathering assets. So there's a need to focus on financial innovation," he told Govindraj Ethiraj. Full interview here: https://lnkd.in/gVcNZEUc
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💼 SARFAESI Act: Strengthening India's Financial Backbone 💡 In the world of finance, few legislations have had as profound an impact on asset recovery and credit discipline as the SARFAESI Act (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002). This powerful legislation serves as a critical tool for financial institutions, enabling them to manage non-performing assets (NPAs) effectively and ensure the health of India’s banking ecosystem. Why is SARFAESI Act Important? 🔹 Swift Asset Recovery: SARFAESI empowers banks and financial institutions to recover loans efficiently by bypassing lengthy court processes. 🔹 Enhanced Creditor Confidence: By providing legal backing to enforce security interests, it encourages greater trust in lending and investments. 🔹 NPA Management: With provisions to securitize and reconstruct financial assets, SARFAESI helps mitigate the impact of bad loans on the economy. 🔹 Boosting Economic Growth: By improving the financial sector's stability, it supports a healthier credit flow to businesses and individuals. 🔹 Fair Processes: The Act ensures a balance between the rights of borrowers and lenders, promoting accountability and transparency. The Human Side of SARFAESI Beyond its technical aspects, the SARFAESI Act is about enabling financial inclusion and ensuring resources are used efficiently. When NPAs are managed effectively, funds are freed up to support businesses, create jobs, and fuel dreams. Our Role as Professionals As finance professionals, entrepreneurs, or citizens, we can all play a part: ✅ Businesses: Maintain financial discipline and honor credit obligations. ✅ Lenders: Use SARFAESI judiciously to ensure fair outcomes. ✅ Citizens: Advocate for financial literacy to prevent defaults. SARFAESI is not just a law—it’s a cornerstone of a stronger, more resilient financial India. Let’s acknowledge its importance and work toward a more robust financial system together! 💬 What are your thoughts or experiences with SARFAESI? Share your insights in the comments! #SARFAESI #FinancialDiscipline #Banking #EconomicGrowth #NPARecovery #IndiaForward
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Dive into the insightful article, "Bankrolling Growth," which explores the pivotal role of financial institutions in driving India's economic expansion. It examines how innovative banking practices and robust financial policies are fueling growth across various sectors. Understand the challenges and opportunities within the banking industry as it navigates the evolving economic landscape. #EconomicGrowth #BankingSector #FinancialInnovation #SustainableDevelopment #IndiaEconomy #upscmotivation #upscaspirants #upscexam #ias #edukemy #shabbirsir #upscpreparation #geographyoptional
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Advancing Financial Inclusion in India We're proud to share that our efforts to enhance financial inclusion are making a substantial impact. The recent Financial Inclusion Index (FI-Index) released by the Reserve Bank of India (RBI) Bank of India stands at 64.2 for March 2024, up from 60.1 in March 2023. This growth reflects significant progress across all sub-indices, with notable contributions from the usage dimension, indicating a deepening of financial inclusion. Our ongoing collaboration with partners is helping us onboard millions of customers, bringing essential banking services to underserved communities and supporting the national mission of universal access to banking facilities. We remain committed to driving this mission forward, leveraging our digital banking solutions to create a more inclusive financial ecosystem for everyone. To learn more about how we are enhancing financial inclusion in India, write to us at marketing@i-exceed.com #FinancialInclusion #RuralIndia #BankingForAll #JanDhanYojana #iExceed #RBIFinancialInclusion
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Strategy & Corp. Finance Executive | Helping impact-driven businesses scale up | Fractional CFO to startups and SMBs. Certified Scaling Up Coach.
6moCountry's financial growth reflects citizens' empowerment and resilience.