Federal Bank ties up with RBI subsidiary

Bengaluru, March 24 : 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 Programme. 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, Federal Bank Executive Director Shalini Warrier said. “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,” she added. 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, Warrier said. The panel and participants will predominantly be female – a demonstration of women solving for women, she said. Seven problem statements have been identified and two event tracks are available for Indian nationals and start-ups looking to participate, Warrier said. Registration is open for local participants and volunteers, as well as non-local observers to join the inspiration comm ty, at swanaritechsprint.in. A white paper titled ‘Gender and Finance in India’ by RBIH is also available at www.swanaritechsprint.in. BDN GK

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