This partnership will help advance Digital Financial Inclusion for Women in India
Mumbai, Federal Bank joined hands with Reserve Bank Innovation Hub (RBIH), a wholly owned subsidiary of Reserve Bank of India as scale up partner for phase 2 of Swanari TechSprint Program. The term Swanari stands for Swanirbhar Nari meaning Self Reliant Lady. The programme is aimed at advancing digital financial inclusion for women in India and to create digital solutions for bridging the gender gap.
RBIH is hosting the Swanari TechSprint during 18-22 April 2022 to create and produce smart, creative, and sustainable solutions supporting women’s advancement in financial growth and independence and for women-owned enterprises in India. Techsprint will specifically connect fintechs, financial service providers, innovators, and subject matter experts to collaborate, ideate and solve specific problems in real time. The panel and participants will predominantly be female – a demonstration of women solving for women. Seven problem statements have been identified and two event tracks are available for Indian nationals and start-ups looking to participate.
Registration is now open for local participants and volunteers, as well as non-local observers to join the inspiration community, at swanaritechsprint.in. A white paper titled ‘Gender and Finance in India’ by RBIH is also now available at www.swanaritechsprint.in
Commenting on the association, Shalini Warrier, Executive Director of Federal Bank said “Diversity and inclusion is a core value for us, and we are delighted to partner with RBI Innovation Hub on Swanari. It is our strong belief that greater financial inclusion of women will go a long way in moving our nation closer to the US$ 5 trillion economy mark and initiatives like this are a great platform for us to work with FinTechs to solve financial inclusion problems”
About Federal Bank: Limited
Federal Bank is a leading Indian private sector bank with a network of 1,291 banking outlets and 1,882 ATMs/Recyclers spread across the country. The Bank’s total business mix (deposits + advances) stood at ₹ 3.16 Lakh Crore as on December 31, 2021. Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines, stood at 14.37% as on 31st December 2021. Federal Bank has its Representative Offices at Dubai and Abu Dhabi that serve as a nerve center for Non-Resident Indian customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City). Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well-defined vision for the future as a guidepost to its progress.
This article was shared with Prittle Prattle News as a Press Release
