FINANCIAL INCLUSION AND YOUR MONEY

IT is that time of the year when you can review your finances.

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The year gone by was led by factors around a challenging global environment disrupted by trade disputes and wars. Amidst that, India's growth is like an oasis. While foreigners may not fancy Indian equities for now, they still hold a sizeable chunk of India's market capitalisation. The most prominent supporters of the India story are now Indian investors. They own a fifth of Indian shares, directly and indirectly (through mutual funds). The story of Indian savers becoming investors is set to enter a new chapter over the next five years.The Reserve Bank of India last week dropped a new financial inclusion roadmap in a document titled 'National Strategy for Financial Inclusion 2025-30'. It is not just for bankers but also for the future of your money, savings, borrowings and investments.

Banking standards