Invest India’s Post

The #insurance sector in #India is poised for growth, with expanding markets, rising incomes, and digital innovation. It's the perfect time to invest in a market that's all about securing growth. 🏠 Know more: https://lnkd.in/ffrn5Y8 #InvestInIndia #InvestIndia #InsuranceIndustry #IRDAI Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India NITI Aayog

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

Secure your investments today with #NewIndia's #insurance market, which is projected to hit USD 200 Billion by 2027. Ready to cash in on a sure bet? Invest now and watch your portfolio grow: https://lnkd.in/ffrn5Y8 #InvestInIndia #InvestIndia #InsuranceIndustry #IRDAI Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India NITI Aayog

Rising Concerns Over India's Stressed Assets: India's banking sector is grappling with a mounting pile of non-performing assets (NPAs), a trend that has been a persistent headline in recent months. The issue has been exacerbated by factors such as the COVID-19 pandemic, global economic uncertainties, and specific sector-related challenges. Recent media reports have highlighted several cases that underscore the gravity of the situation. For instance, the power sector has been identified as a major contributor to NPAs, with several state-owned power distribution companies facing financial distress. Additionally, the real estate sector, which has been undergoing a prolonged slowdown, continues to be a significant source of bad loans. The government has initiated various measures to tackle the NPA problem, including the setting up of asset reconstruction companies and the introduction of insolvency and bankruptcy codes. However, the pace of resolution has been slower than desired, raising concerns about the overall health of the banking system. Unless the NPA issue is decisively addressed, it could hinder India's economic growth ambitions. #NPA #stressedassets #IndianBanking #bankingcrisis #powersectorcrisis #realestate #economicdownturn #financialstability #bankruptcy #insolvency #economicgrowth #India #economy

Spice Money stands as a prime example of how fintech can revolutionize financial inclusion in rural India. By adopting a technology-based "Distribution as a Service" platform, they address the challenges that have long kept these communities on the fringes of the financial mainstream. Their robust network of 1.4 million Adhikaris, spread across 210,000+ villages, forms the backbone of their success. These local entrepreneurs, acting as their trusted representatives, bridge the physical gap for rural customers. Spice Money empowers them with the technology and training needed to deliver essential financial services directly to doorsteps. The success of their approach is reflected in the impressive numbers. With a Gross Transaction Value (GTV) of ₹13,000 crore and serving 22 million transacting customers monthly, Spice Money is demonstrably making a difference. These figures translate to real empowerment for rural communities. Ram Rastogi 🇮🇳 Dilip Modi Kuldeep Pawar Business Correspondent Federation of India (BCFI) Sunil Kulkarni National Payments Corporation Of India (NPCI) Reserve Bank of India (RBI) Reserve Bank Innovation Hub (RBIH) CGAP Indian Bank Association State Bank of India Bank of Baroda

Reserve Bank of India (RBI)’s latest Financial Inclusion Index (FI-Index) data shows that India's position has significantly improved to 64.2 from 60.1 in the previous year. This growth across all sub-indices is a testament to the deepening of financial inclusion across our nation. The FI-Index, a comprehensive measure developed in consultation with the government and sectoral regulators, encompasses banking, investments, insurance, postal, and pension sectors. With parameters such as Access, Usage, and Quality, it truly reflects the strides India is making in making financial services accessible and beneficial for all. At Spice Money, we are proud to contribute to this incredible journey. With a robust network of 1.4 million Adhikaris spanning 210,000+ villages, we are committed to bringing essential financial services to the heart of rural India. Our offerings include enterprise cash management, digital payments, credit services and a range of banking services like cash deposits, balance enquiries, #mATM, and #CASA leading to a saving and investment habit in rural India. Through these services, we have achieved a Gross Transaction Value (#GTV) of ₹13,000 crore and serve 22 million transacting customers monthly. This milestone reflects our dedication to driving financial inclusion and empowering #rural communities. Making financial services accessible to every corner of our country can ensure that everyone has the opportunity to participate in and benefit from India's financial ecosystem. Ramesh Venkataraman Venkatram Jayanthy Rashmi Aggarwal CA. SUNIL KAPOOR MRUTYUNJAY MAHAPATRA Ram Rastogi 🇮🇳 Rohit Ahuja Harsh Mittal sameer nagpal Usha Murali Kuldeep Pawar Atul Tiwari #FinancialInclusion #RBIFiIndex #SpiceMoney #DigitalPayments #BankingServices #RuralEmpowerment

With rising incomes, increasing awareness, and regulatory support, #NewIndia is poised to emerge as one of the fastest-growing insurance markets in the coming decade. Know more: https://lnkd.in/ffrn5Y8 #InvestInIndia #InvestIndia #InsuranceIndustry #IRDAI Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India NITI Aayog

🌱 𝗛𝗼𝘄 𝗰𝗮𝗻 𝗡𝗕𝗙𝗖𝘀 𝗱𝗿𝗶𝘃𝗲 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝘄𝗮𝘃𝗲 𝗼𝗳 𝗴𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗿𝘂𝗿𝗮𝗹 𝗜𝗻𝗱𝗶𝗮? In rural India, where traditional banking often falls short, 𝗡𝗼𝗻-𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 (𝗡𝗕𝗙𝗖𝘀) like 𝗞𝘂𝘀𝗵𝗮𝗹 𝗙𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 are stepping up to fill the gap. They are not just providing financial services; they are empowering communities and fostering growth where it’s needed most. ✍ Having worked extensively with NBFCs, I’ve seen how they tailor their services to meet the unique needs of rural customers. From offering flexible credit solutions to supporting small businesses, these companies are making a significant impact. 𝗞𝘂𝘀𝗵𝗮𝗹 𝗙𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻'𝘀 partnership with Jai Kisan is an excellent example of how NBFCs are innovating to bring financial inclusion to the forefront. 👉 I specialize in all NBFC-related services, including NBFC registration, NBFC Takeover, NBFC Compliances, Virtual CFO NBFC, Foreign investment in the NBFC sector in India, and buying and selling NBFCs in India. 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗺𝘆 𝘄𝗼𝗿𝗸, I’ve witnessed how these companies are not just helping individuals—they’re driving entire communities toward progress and development. I firmly believe that NBFCs are the key to unlocking rural India's potential. It’s about more than just financial inclusion; it’s about creating a sustainable future for millions of people. When financial services reach the underserved, the possibilities are endless. 📌 What do you think? Are NBFCs the driving force behind rural India’s growth? #RuralFinance #NBFC #FinancialInclusion #Empowerment #IndiaGrowth

💰 Unlocking India's Financial Potential! 💼 🚀 Get ready for a financial revolution! During the Amritkaal period, India's total credit is projected to skyrocket by a jaw-dropping 25 times, compared to a commendable 20 times over the last 23 years. 💥 📈 But wait, there's more! Non-credit sectors are stepping into the spotlight in the Banking & Financial Services Industry. Brace yourselves for the exponential growth of Mutual Funds, MSME credit, and Mortgage credit, set to redefine the landscape. 🌟 📊 In the last 23 years, the equity market capitalization of the entire sector has surged by a staggering 100 times, while profits after tax have soared by an impressive 40 times. And guess what? Similar growth opportunities are on the horizon for the Amritkaal period! 📈✨ 🌐 #FinancialRevolution #AmritkaalGrowth #FutureOfFinance #UnprecedentedOpportunities #FinancialFrontiers #BFSIBoom #IndiaRising #ExcitingTimesAhead #InvestmentPotential 🚀 #FutureFinance #GrowthUnleashed

In India, we have a ‘mixed economy’. That is to say we selected a midway between totally private (capitalistic) or totally public (communist) enterprises. In 1969 Indira Gandhi nationalized banks drawing the economy to left of centre. As the economy deteriorated in 1991 Manmohan Singh, Finance Minister reoriented the economy by privatising govt bodies like Unit Trust of India (UTI) as Axis Bank, Industrial Credit and Investment Corporation of India (ICICI) as ICICI Bank, Housing Development Finance Corporation (HDFC) as HDFC Bank. This is continued by PM Modi too. Too much privatization is ill suited to India as here manufacturers form unions and raise prices of their products as they like. If government maintained public enterprises simultaneously it can control prices and the private manufacturers group will not be able to exploit the public. The better way is to have both public and private manufacturers. Controlling too much privatization and better management of Public enterprises is he need of the hour.