| | MARCH 20224 Vol 04 · Issue 3 -3 · March, 2022 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Group Art DirectorAshok KumarNoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comCover price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technolo-gies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2022 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Design Mohana Krishnan Prabhu Dutta Souvik AcharyaVP - Sales & Marketing Amrit SinghCirculation Manager Magendran PerumalIn India, effective financial inclusion, especially in the rural areas, is going to be a crucial aspect of India's journey to becoming a $5 trillion economy. Pradhan Mantri Jan Dhan Yojana (PMJDY) has been on a long stride towards increasing financial inclusion in the country. The iconic program of the Government of India that launched right after Prime Minister Narendra Modi took oath in 2014, PMJDY aims to democratize affordable access to financial services such as bank accounts, remittances, credit, insurance, and pensions. The program has been a considerable success with 44.82 Crore banking accounts opened so far under the scheme with a cumulative balance of Rs. 160,839.87 crore. Today, 1.26 lakh Bank Mitras deliver branchless banking services in Sub-Service Areas under the scheme. To effectively track and enhance financial inclusion in the country, the Reserve Bank of India (RBI) last year had constructed a composite Financial Inclusion Index (FI-Index) based on multiple parameters that will reflect the broadening and deepening of financial inclusion in the country. The annual FI-Index for the period ending March 2021 is 53.9 as against 43.4 for the period ending March 2017. Needless to say, we are still miles away from where we want to be. It takes a collaborative approach to improve the FI-Index, wherein the private sector banks and NBFCs will have to play an instrumental role. In this edition, we have researched and curated a meticulous bunch of stories from the BFSI segment.Do let us know your thoughts. Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comEditorialFinancial Inclusion is Improving Editorial Ananth V Aveek Pal Chaudhuri Avinash Roy Mandvi Singh Sthitaprajnya Panigrahi
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