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Do a Chartered Accountant, an MBA in Finance professional, a Public Auditor, and an Economist solve the same problems?
The answer is no.
While all are associated with finance and economics, each serves a distinct purpose, from managing finances and ensuring compliance to auditing public expenditure and analysing economic policy.
Understanding these differences is essential for appreciating how financial systems, public institutions, and economic policymaking function.
#FinancialLiteracy #PublicFinance #Governance #Economics #PolicyInsights
A last few days we have seen interesting debates on X about AI and some people in India ( also Indians settled abroad ) are blaming everything from IT bell weathers leaders to bad policies etc of govt of India of not doing R&D etc which is a sphere of concern for most ! One problem am requesting a solution - as a CFO of a mid cap ( earlier also business cfo at MNC ) is this.
1. All banks onboarding assessments happens only thru emails and meetings over zoom after 2-3 in person rounds
2. Emails have limited size by the employees of banks to give data files
3. Banks ask at least 100 data sets which have large MB/ GB size and which go thru multiple rounds of emails
4. Charges filed have volumes of data to be inspected
5. Hypo to mortgage similar process of emails and more emails to exchange info !
6. Emails have tendency to be lost, diverted, missed and with many changes happening in banks and companies too it becomes difficult as entire process from onboarding assessment to mortgage takes minimum 6-9 months. The problem gets compounded when some companies have multiple banks/ consortiums.
I have been requesting /representing since last few years to various banks at multiple levels to have a onboarding portal where all data interface, assessment status and sanction status to documents can happen digitally and with proper workflow, heat-map and full visibility to all stakeholders and auto emailers etc with auto repository ! But till sanction is given no bank triggers any automated documents ! Only MNC banks do this trigger of some docs to be signed after sanction, but most Indian private and public sector banks only exchange physical papers or send emails to and fro.
All banks I meet inform me of internet banking etc when I raise these queries ! This is no brainer and am asking above which as customer delight needs a fix. Else what changed in the way we did business in 2000-2010 and now in 2025-26 ? While AI is next big thing and a sphere of concern, can we look at this immediate low hanging fruit within our sphere of influence ?
For above we don’t need only AI I suppose and can eliminate lot of duplication and bring productivity benefits to banks and clients of banks ??
@ICICIBank@TheOfficialSBI@HDFC_Bank@AxisBank@HSBC@dbsbank@bankofbaroda@SaraswatBank@SVC_Bank@StanChart@Citibank@KotakBankLtd
Most companies bank with all above banks ( we too do ) and see if IT companies can design a system for them solving a problem that I have highlighted ! This might help cfo and treasury teams of companies immensely besides banks themselves ! 🙏🇮🇳💕
@Infosys@TCS@Wipro@Accenture@NandanNilekani@kris_sg@satyanadella@RishadPremji@mohitjoshi74@Microsoft@udaykotak@Lakshmi1876@Ajay_Bagga@deepakshenoy@RaghuramRajan@TamalBandyo@svembu@NileshShah68@kunalb11@dmuthuk@mayursejpal@uday_birje@TVMohandasPai
Many many congratulations for being the longest serving and best @PMOIndia Shri @narendramodi ji 🙏👍🇮🇳💕
My heart told me you will do very big on 7th Oct 2001. In Dec 2002 (when after the turn of events of Feb 27 2002 where I knew that you did everything correct but was blamed by media and vested interests) when initial results showed congress in lead, somehow I missed my heartbeats and then @BJP4Gujarat scored 127 seats of 182 and rest is history. Then in 2007, 2012 every visit to Gujarat near the elections used to be reassuring when locals used to tell me that you will win hands down. Later 2014 I travelled from abroad to vote for you, then in 2019 and 2024 and each time a renewed hope based on strong delivery I voted for you . Sir you are not just PM of India but Father of New India- a confident and bold nation which is modified for achieving greatness while being Atmanirbhar ! Jai hind 🫡🇮🇳 💕🚩
@AmitShah@nsitharaman@Dev_Fadnavis@DrSJaishankar@naqvimukhtar@sureshpprabhu@Sanju_Verma_@CASDesh
@siddaramaiah sir, you have been a long serving CM with finance portfolio may I request your views on below. Article ?
How tweaking the IT Act 2025 and Digital India can boost domestic tourism, expand the taxpayer base, and help in national integration - https://t.co/ikbxHz8lGv