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On the demand side, women in India are clear about their finances, but on the supply side, challenges in terms of transfer of money, conversion of digital money to other accounts, as well as financial literacy, persist.
@EconomicTimes #Financial Inclusion Summit 2021. #ETFIS
Addressing the panel discussion, Rohit Mahajan, President, #RiskAdvisory discussed how #cybersecurity is becoming a boardroom topic, but India Inc. needs to build a holistic enterprise-wide strategy to effectively manage frequent and creative attacks.
#ETFIS @EconomicTimes
India is not taking #financialinclusion of women seriously. We have fallen in rankings of gender gap when it comes to financial inclusion. We need to take it seriously, and measure input, output and results, says Kshama Fernandes, CEO of @_NorthernArc
#ETFIS
In any #Conference :
You know + sort of + right, right + probably + I think + aw..aw.. = 29% of airtime of the entire #Conference
#ETFIS
Financial inclusion needs to be top-down driven. More leaders, both business and political, need to push this, says Kshama Fernandes, CEO, @_Northernarc
#etfis #FinancialInclusion
'The generals know about the various schemes but what needs to be looked at is whether the schemes of Digital financial literacy really working?' Points out Chetna Sinha(founder Mann Deshi Mahila Bank).
#ETFIS @chetnavsinha
Kshama Fernandes of @_NorthernArc says that she tried to avail a loan for a power motorbike many years ago. The bank (private sector) said she couldn't get one unless she took the loan with a man - any man!
Financial inclusion problems are deep-rooted
#etfis #FinancialInclusion
"India is the highest consumer of data in the world with highest payment options. Lack of awareness in the lower & middle sector leads to people being easily defrauded." @vishwaspatel Executive Director, Infibeam Avenue, Payment Council of India
#ETFIS
https://t.co/Sl8mWanvv5
How can women reach leadership positions?
Cos prefer to promote internal talent.. So how does the company support you in your journey even as you juggle other responsibilities like family, etc makes a big difference. - Kitty Agarwal of @InfoEdgeVC
#etfis #FinancialInclusion
Vishwas Patel (Executive Director, Infibeam Avenues says at #ETFIS Bottom of the pyramid and the elderly are easily defrauded by tele marketing, people are easily sharing OTPs on the phone and bad merchants have come into system as well. Consumer awareness is lacking
Madhivanan of IDFC First says at #ETFIS Itβs no more the classic phishing itβs coming in various forms, to an extent of taking over the app itself. We are using technology to put brakes to it, itβs a cat and a mouse game
Madhivanan Balakrishnan, COO, IDFC First Bank says at #ETFIS While the digital segment has grown multi-fold itβs become easier for fraudsters to take advantage of lack of awareness, for us itβs a fine balance b/w creating a great user experience versus compliance & authentication
Live-tweeting from ET Financial Inclusion Summit
Women in particular struggle to be 'loud' and blow their own trumpet, which business requires sometimes. They've been told (esp in earlier generations) to stay quiet, says Meena Ganesh of @porteamedical
#etfis #FinancialInclusion
Bandhan Bank MD Chandra Shekhar Ghosh appeals to governments for enabling business environment where borrowers are encouraged to repay on time upholding good credit culture, so that flow of credit to the bottom of the pyramid borrowers gets a boost.
#ETFIS @EconomicTimes
Indiaβs microfinance sector caters to 6 crore families out of the countryβs 26 crore families. If microfinance organisations can reach out to another 6 crore families, then another 6 crore jobs can be generated, @bandhanbank_in MD Chandra Shekhar Ghosh says
#ETFIS @EconomicTimes
State governments need to play key role in implementing financial inclusion strategies, Chandra Shekhar Ghosh, MND of Bandhan Bank says.
#ETFIS @EconomicTimes @bandhanbank_in
Startups need to hire women and mentor them, so that they can go on to become entrepreneurs in due course, says @meenaganesh, MD & CEO of @PorteaMedical
#ETFIS #financialinclusion
#etfis #FinancialInclusion
Women need to have mentors around them (both male and female) so that they can be more confident about their abilities. Women generally tend to underplay their abilities and eventually drop out, says Kitty Agarwal of @InfoEdgeVC.
Follow the panel discussion where Rohit Mahajan, President, #RiskAdvisory, Deloitte India, discusses the wider threat vectors and phishing attacks that the digital world is prone to.
Catch the session live today, 16 July β 4:25 p.m. https://t.co/PRL3Tmg4dO
#ETFIS @EconomicTimes
βWe are the 7th largest eco and endeavor to become the third largest. But in terms of human development index, we ranked a poor 129th and are in the vicinity of countries like Zimbabwe and Namibia," @bandhanbank_in MD Chandra Shekhar Ghosh says.
#ETFIS @EconomicTimes
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