Supercharging BFSI...
The biggest challenge that the BFSI companies are facing today is how to drive innovation. With growing technology prowess and digitalisation, BFSI companies have made a big difference and achieved mammoth scale.
The biggest challenge that the BFSI companies are facing today is how to drive innovation. With growing technology prowess and digitalisation, BFSI companies have made a big difference and achieved mammoth scale.
Many central banks and financial institutions in the world have already have appointed dedicated resources like Chief Sustainability Officers. This week, Reserve Bank of India has released draft guidelines on financial risks related to climate but I think a lot needs to be done. Here is my view
Despite technology shrinking a bank branch into a smartphone, life has still not become easy for bankers. Their role has undergone a monumental shift, with business generation, bancassurance, margins and competition taking focus away from customer interface. So the recent Indian Banks Association (IBA) proposal to the Finance Ministry about the adoption of a five-day work-week and reports that it may soon become a reality has aptly met with cheer in the banking world.
For years, policymakers, regulators, and institutions spoke about financial inclusion but customer service was never a priority until FinTechs showed up. FinTechs, to a large extent with the support of the investors, policymakers and big institutions, resolved the issues of serpentine queues at the bank branches and shrank the 5,000 sq feet bank branches into a 5.5-inch smartphone.
Did the Paytm Bank board members keep quiet purposely? RBI had invited Vijay Shekhar Sharma to apply for a licence, why would they go very harsh? What if RBI would have chosen a different path? Here is my note.
FM Sitharaman, in her Budget speech, presented a solid vision for a developed nation. The government thinks that the next five years will be years of unprecedented development and the golden moments to realise the dream of developed India @2047. The trinity of demography, democracy and diversity will play a pivotal role.
Union Budget 2024 is next week, and the questions are many, whether it will focus on growth and boost capital expenditure or reduce spending to curtail the debt, which is significantly high. Education, health and women empowerment, and employment are the major areas which people want the finance minister to address.
New generation which is donned in six-pocket cargos, Jordan sneakers and a chic Gucci belt, wrapped in a cosy hoodie, is redefining the consumption story of India. The changing consumption and different modes of investments, they are choosing may impact bank margins going ahead. Here is my view on the same,,,
The government is doing what is on the top of the wish lists of corporates and economists: spending on infrastructure development. Last year in the Union Budget the Finance Minister committed Rs 10 lakh crore for the National Infrastructure Pipeline, which includes roads, railways and waterways. Those huge allocations of the last few years are now taking shape in the form of awe-inspiring infrastructure marvels.
From the sun temple that India built hundreds of years ago, exactly at the point where the first ray of the sun falls to a delivery personnel of Zomato who rode a horse for delivery. My views on India's rise in 2024.
As we wrap up 2023, here's to hoping 2024 will kick a lot of persisting problems like inflationary headwinds, supply chain issues, geopolitical tensions and more to the curb and be a year of resilience and joy for all of us. Here are the top 5 stories of 2023 from every segment in ETBFSI.