The recommended steps to enhance investment are: Increase equity exposure of pension fund to expedite regulatory clearance, introduce innovative products, make Demat account compulsory for residents, increase equity exposure of Provident Fund
On an average, 15 million youths will join the workforce every year, for the next 20 years which gives India a unique competitive advantage
By becoming an investment vehicle of choice for the masses and the niche, the day is not far when mutual funds will democratize capital markets with huge growth and deepening contribution.
As an industry, the insurers need to strategize their talent pool in such a way that they capitalize the best out of each employee, while being prepared to face the bytological future.
To meet the requirements of this vast customer base, the financial institutions need to well equip themselves with skilled manpower to serve the needs of those un-banked as well as under banked segment.
Banks should re-imagine their operating models through holistic transformation. Banks also need to leverage technology and data to improve efficiency, reduce costs and re-position the business for growth.