#Maharashtra fintech development

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Transforming Mumbai into the Global Capital of FinTech_ New Academic Pathways and Infrastructure Projects

As the financial industry undergoes a digital transformation, FinTech (financial technology) has emerged as a critical field, integrating finance and technology to create innovative financial solutions. Academic programs in FinTech are designed to equip students with the necessary skills and knowledge to thrive in this dynamic industry. This article explores the landscape of FinTech academic programs, highlighting their significance, curriculum components, career prospects, and the importance of merging finance and technology education.

The Significance of FinTech Education

The rise of FinTech has reshaped traditional financial services, introducing advancements such as blockchain technology, digital payments, robo-advisors, and peer-to-peer lending platforms. As a result, there is a growing demand for professionals who understand both finance and technology. According to a recent report by PwC, 82% of financial services companies plan to increase their FinTech partnerships in the next three to five years, indicating a strong need for skilled FinTech professionals.

The importance of FinTech is underscored by initiatives such as those seen in Mumbai, where Prime Minister Narendra Modi aims to make the city a global FinTech capital, supported by significant infrastructure projects worth ₹29,396 crore. This ambition highlights the critical role that FinTech professionals will play in the future of global finance.

Curriculum Components

FinTech academic programs are typically interdisciplinary, combining courses in finance, computer science, data analytics, and regulatory compliance. Key components of the curriculum often include:

Financial Markets and Instruments: Understanding the Fundamentals of Financial Markets, Investment Strategies, and Financial Instruments.

Programming and Software Development: Learning programming languages such as Python, R, and Java, which are essential for developing FinTech applications.

Blockchain and Cryptocurrencies: Exploring the Principles of Blockchain Technology, Cryptocurrency Markets, and Smart Contracts.

Data Analytics and Machine Learning: Applying data analysis techniques and machine learning algorithms to financial data for predictive modeling and decision-making.

Cybersecurity and Risk Management: Studying cybersecurity measures and risk management strategies to protect financial systems and data.

Career Prospects

Graduates of FinTech academic programs have a wide range of career opportunities in both traditional financial institutions and innovative FinTech startups. Some potential career paths include:

FinTech Developer: Creating and maintaining software applications for financial services, including mobile banking apps, trading platforms, and payment systems.

Data Scientist: Analyzing large datasets to extract insights and support decision-making processes in financial organizations.

Blockchain Developer: Designing and implementing blockchain solutions for secure and transparent financial transactions.

Cybersecurity Analyst: Protecting financial systems from cyber threats and ensuring compliance with regulatory standards.

Financial Analyst: Using technology to analyze financial data, assess investment opportunities, and provide strategic recommendations.

The Future of FinTech

The future of FinTech education lies in continuous adaptation to technological advancements and industry needs. Academic institutions must stay ahead of trends by incorporating emerging technologies, such as artificial intelligence, quantum computing, and decentralized finance (DeFi), into their curricula. Additionally, partnerships between universities and industry players can provide students with real-world experience and networking opportunities.

The Role of Mumbai in Global FinTech

In his maiden visit to Maharashtra after the recent Lok Sabha election, Prime Minister Narendra Modi laid the foundation stones and inaugurated multiple public projects worth ₹29,396 crore. Announcing his ambition to make Mumbai the world’s capital in financial technology and Maharashtra the leading state in tourism, Mr. Modi emphasized the state’s potential to become an economic powerhouse. He highlighted Maharashtra’s rich heritage, including the forts of Chhatrapati Shivaji Maharaj, the Konkan coastline, and the Sahyadri mountain range, as key assets for tourism development.

Addressing media owners and senior management at the inauguration of the Indian Newspaper Society Towers in Mumbai’s Bandra Kurla Complex, Modi urged the media to promote tourism in each Indian state to boost their economies. This initiative reflects the broader vision of integrating FinTech advancements with regional economic development.

Government Initiatives and Infrastructure Projects

Mr. Modi also emphasized the government’s efforts to improve connectivity and infrastructure. Projects include the Thane-Borivali twin tunnel and the Goregaon-Mulund twin tunnel, with a combined investment of ₹22,900 crore, aimed at enhancing Mumbai’s transportation network. Additionally, the Kalyan yard remodeling and the Gati Shakti multimodal cargo terminal at Turbhe in Navi Mumbai were launched to improve logistics and transportation efficiency.

Furthermore, new platforms at the Lokmanya Tilak Terminus and the extension of two platforms at the Chhatrapati Shivaji Maharaj Terminus were inaugurated to accommodate longer trains and increase passenger capacity.

The Prime Minister also launched the Mukhyamantri Yuva Karya Prashikshan Yojana, an internship program with an outlay of around ₹5,600 crore aimed at addressing youth unemployment through skill enhancement and industry exposure.

The Role of Media in Promoting Economic Development

During his address, Modi highlighted the critical role of the media in shaping national discourse and promoting economic development. He urged media professionals to create awareness about the strengths and potential of various states, contributing to the vision of a developed India (Viksit Bharat) over the next 25 years. By highlighting success stories and fostering a positive narrative, the media can play a pivotal role in driving investment, tourism, and economic growth.

How MBA FinTech Students Can Take Advantage of This Opportunity

MBA FinTech students can leverage Mumbai’s growing status as a global FinTech hub by actively engaging in academic programs and internships that align with industry needs. By staying abreast of government initiatives and infrastructure projects, such as those championed by Prime Minister Modi, students can gain insights into emerging trends and opportunities. Networking with industry professionals and participating in collaborative projects can provide valuable hands-on experience. Additionally, focusing on skills in blockchain, AI, data analytics, and cybersecurity will position students for success in this dynamic field.

Conclusion

FinTech academic programs play a crucial role in merging finance and technology education, preparing students for the evolving landscape of the financial industry. By offering interdisciplinary curricula and hands-on learning experiences, these programs equip graduates with the skills and knowledge needed to drive innovation and shape the future of finance.

Mumbai’s ambition to become a global FinTech capital, supported by significant government initiatives and infrastructure projects, underscores the importance of integrating technological advancements with regional economic development. As FinTech continues to transform the financial services industry, MBA Fintech will remain a key driver in equipping the next generation of professionals to lead this transformation.

As fintech continues to evolve, it will shape the financial landscape, influence government policies, and impact society at large. Embracing fintech’s potential is not just a choice; it is a necessity for businesses and individuals seeking to thrive in the digital age. By staying abreast of fintech trends, fostering a culture of innovation, and maintaining a strong commitment to data security and privacy, we can collectively harness the transformative power of fintech to create a more equitable and prosperous financial ecosystem.

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MARKET GROWTH PROSPECTS OF BANKING SECTOR IN INDIA, 2023- 24 – DART CONSULTING FORECASTS HIGHER GROWTH IN THE NEXT FIVE YEARS

India’s banking sector is sufficiently capitalized and well-regulated. The financial and economic conditions are comparatively better even by comparing with well developed economies. Indian banks are generally resilient and have withstood the global downturn well as can be noted by reviewing previous years records.

The Indian banking industry has recently witnessed the rollout of innovative banking models like payments and small finance banks. In recent years, the Banks are increasingly focusing widening banking reach, through various schemes like the Pradhan Mantri Jan Dhan Yojana and Post payment banks. The rise of Indian NBFCs and fintech have significantly enhanced India’s financial inclusion and helped fuel the credit cycle in the country.

Here is a quick overview of key players in the industry.

HDFC Bank Ltd

HDFC Bank Ltd (HDFC) offers personal and corporate banking, private and investment banking, and other related financial solutions to individuals, MSMEs, government, and agriculture sectors, financial institutions and trusts, and non-resident Indians. It provides a range of deposit services and card products; loans for homes, cars, commercial vehicles, and other personal and business needs; insurance for life, health, and non-life risks; and investment solutions such as mutual funds, bonds, equities, and derivatives. HDFC also provides services such as cash management, corporate finance advisory, customized banking solutions, project and structured finance, trade financing, foreign exchange, internet banking, and payment and settlement services, among others. The bank operates in India through a network of branches, ATMs, phone banking, net banking, and mobile banking. It has overseas branches in Bahrain, Hong Kong, and the UAE, and representative offices in the UAE and Kenya. HDFC is headquartered in Mumbai, Maharashtra, India.

ICICI Bank Ltd

ICICI Bank Ltd (ICICI Bank) provides personal and corporate banking, investment banking, private banking, venture capital, life and non-life insurance solutions, securities broking, and asset management services to corporate and retail clients, high-net-worth individuals, and SMEs. It offers a wide range of products such as deposits accounts including savings and current accounts, and resident foreign currency accounts; investment products; and consumer and commercial cards. ICICI Bank offers to lend for home purchase, commercial business requirements, automobiles, personal needs, and agricultural needs. The bank offers services such as foreign exchange, remittance, import and export financing, advisory, trade services, personal finance management, cash management, and wealth management. It has an operational presence in Europe, Middle East, and Africa (EMEA), the Americas, and Asia. ICICI Bank is headquartered in Mumbai, Maharashtra, India.

State Bank of India

State Bank of India (SBI) is a universal bank. It provides a range of retail banking, corporate banking, and treasury services. The bank serves individuals, corporates, and institutional clients. Its major offerings include deposits services, personal and business banking cards, and loans and financing. The bank provides services such as mobile banking, internet banking, ATM services, foreign inward remittance, safe deposit locker, money transfer, mobile wallet, trade finance, merchant banking, project export finance, treasury, offshore banking, and cash management services. It operates in Asia, the Middle East, Europe, Africa, and North and South America. SBI is headquartered in Mumbai, Maharashtra, India.

Punjab National Bank

Punjab National Bank (PNB) offers retail and commercial banking, agricultural and international banking, and other financial services. Its retail and commercial banking portfolio offers credit and debit cards, corporate and retail loans, deposit services, cash management, and trade finance. Its international banking portfolio includes foreign currency accounts, money transfers, letters of guarantee, and world travel cards, and solutions to non-resident Indians. PNB also offers merchant banking, mutual funds, depository services, insurance, and e-services. The bank operates in India and has overseas operations in the UK, Bhutan, Myanmar, Bangladesh, Nepal, and the UAE. PNB is headquartered in New Delhi, India.

Bank of Baroda

Bank of Baroda (BOB) offers retail, agriculture, private and commercial banking, and other related financial solutions. It includes loans, deposit services, and payment cards. The bank offers loans for homes, vehicles, education, agriculture, personal and corporate requirements, mortgage, securities, and rent receivables, among others. It provides current and savings accounts; fixed and recurring deposits; debit, credit, and prepaid cards. The bank also provides insurance coverage for life, health, and general purposes. It offers services such as treasury, financing, mutual funds, cash management, international banking, digital banking, internet banking, start-Up banking, and wealth management. The bank has operations in Asia-Pacific, Europe, North America, and the Middle East and Africa. BOB is headquartered in Baroda, Gujarat, India.

Industry Performance

The health of the banking system in India has shown steady improvement, according to the Reserve Bank of India’s latest report on trends in the sector. From capital adequacy ratio to profitability metrics to bad loans, both public and private sector banks have shown visible improvement. And as credit growth has also witnessed an acceleration in 2021-22, banks have seen an expansion in their balance sheet at a pace that is a multi-year high. As of November 4, 2022, bank credit stood at Rs. 129.26 lakh crore (US$ 1,585.09 billion). As of November 4, 2022, credit to non-food industries stood at Rs. 128.87 lakh crore (US$ 1.58 trillion).

Given the increasing intensity, spread, and duration of the pandemic, economic recovery the performances of key companies in the industry was positive. The reported margin of the industry by analyzing the key players was around 13.7% by taking into consideration the last 3 years’ data. Details are as follows.

Companies Net Margin EBITDA/Sales

HDFC Bank Ltd. 23.5% 31.2%

ICICI Bank Ltd. 22.3% 30.4%

State Bank of India 10.0% 25.7%

Punjab National Bank 4.0% 10.0%

Bank of Baroda 8.9% 13.9%

Industry Margins 13.7% 22.2%

Industry Trends

The macroeconomic picture for 2023 portends mixed fortunes for consumer payment players. Higher rates should boost banks’ net interest margins for card portfolios, but persistent inflation, depletion of savings, and a potential economic slowdown could weigh on consumers’ appetite for spending. Digital identity is expected to evolve as a counterbalancing force to mitigate fraud risks in the long run. Transaction banking businesses are standing firm despite recent market uncertainties. For many banks, these divisions have been a steady source of revenues and profits.

Over the long term, banks will need to pursue new sources of value beyond product, industry, or business model boundaries. The new economic order that will likely emerge over the next few years will require bank leaders to forge ahead with conviction and remain true to their purpose as guardians and facilitators of capital flows. With these factors in mind, the industry is still showing huge growth potential, some of the growth divers that is propelling the industry are:

Rising rural income pushing up demand for banking

Rapid urbanisation, decreasing household size & easier availability of home loans has been driving demand for housing.

Growth in disposable income has been encouraging households to raise their standard of living and boost demand for personal credit.

The industry is attracting major investments as follows.

On June 2022, the number of bank accounts—opened under the government’s flagship financial inclusion drive ‘Pradhan Mantri Jan Dhan Yojana (PMJDY)’—reached 45.60 crore and deposits in the Jan Dhan bank accounts totaled Rs. 1.68 trillion (US$ 21.56 billion).

Some of the major initiatives taken by the government to promote the industry in India are as follows:

As per the Union Budget 2022-23:

National Asset reconstruction company (NARCL) will take over, 15 non-performing loans (NPLs) worth Rs. 50,000 crores (US$ 6.70 billion) from the banks.

National payments corporation India (NPCI) has plans to launch UPI lite this will provide offline UPI services for digital payments. Payments of up to Rs. 200 (US$ 2.67) can be made using this.

In the Union budget of 2022-23 India has announced plans for a central bank digital currency (CBDC) which will be possibly know as Digital Rupee.

Through analyzing the performance of the contributing companies for the last three years, we can ascertain that the sector witnessed compounded annual growth rate (CAGR) of 9.9% at the end of 2022. Details are as below.

Companies CAGR

HDFC Bank Ltd. 14.02%

ICICI Bank Ltd. 7.3%

State Bank of India 8.4%

Punjab National Bank 9.2%

Bank of Baroda 10.7%

Industry CAGR 9.9%

Working through partnerships both with NBFCs and FinTech is high on the agenda of the Indian banking sector, and this is an area of focus of the FICCI National Committee on Banking. Banks will have to play a very constructive role as India aspires to be the leading economy in future. The strengthened banking sector has the potential to contribute directly and indirectly to GDP, increase job creation and enhance median income. Technology interventions to strengthen the quality and quantity of credit flow to the priority sector will be an important aspect. The need for sustainable finance / green financing is also gaining importance.

With these attributes boosting the sector, the Indian banking industry is likely to grow 5% more than the reported growth rate and is expected to exhibit CAGR of 10.4% in the next five years from 2023 to 2027.

DART Consulting provides business consulting through its network of Independent Consultants.  Our services include preparing business plans, market research, and providing business advisory services. More details at https://www.dartconsulting.co.in/dart-consultants.html

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Latur's Digital Revolution Through Financial Inclusion And Small Town Digitization

In the heart of Maharashtra, the city of Latur has emerged as a beacon of financial inclusivity, leveraging digital technologies to empower its citizens and drive economic growth. Through targeted policies and innovative initiatives, Latur has not only transformed its financial landscape but has also set a shining example for inclusive development nationwide.

Empowering Marginalized Communities

Central to Latur's financial transformation is its unwavering commitment to inclusivity. Recognizing the importance of financial inclusion in fostering economic development, the government has implemented policies tailored to serve marginalized communities. This includes rural populations, women, and the economically disadvantaged.

One significant initiative has been the expansion of banking infrastructure in rural areas. Through the deployment of banking correspondents and mobile banking units, individuals in remote regions now have access to essential banking services and credit facilities. Additionally, financial literacy programs have equipped citizens with the knowledge and skills needed for informed financial decision-making.

Also Read: Improving Asset Quality Through Risk Asset Acceptance Criteria

Gender Inclusivity and Economic Participation

In Latur, a significant focus has been placed on promoting gender inclusivity within its financial sector reforms. Specialized lending programs and custom-tailored financial products have been implemented to tackle the economic disparities faced by women. Through initiatives aimed at granting women greater financial independence, not only is gender equality promoted, but these efforts also serve to bolster overall economic development within the region. By empowering women with enhanced financial autonomy, Latur is paving the way for a more inclusive and prosperous society, where every individual has equal opportunities to thrive economically.

Digitization: Catalyst for Transformation

At the core of Latur's financial renaissance lies a robust framework of digitization initiatives. Collaborating with financial institutions and governmental bodies, the city has digitized banking, payments, and insurance services, enhancing efficiency and accessibility.

The proliferation of mobile banking and digital payment platforms has revolutionized financial services, making them accessible to individuals across the socio-economic spectrum. Even those in remote areas can now manage their finances conveniently, eliminating the need for arduous journeys to physical bank branches.

Also Read: How Can NBFCs Become Active Participants In The Payment Ecosystem?

Fostering Innovation and Competition

The infusion of fintech solutions has sparked a wave of innovation and heightened competition within Latur's financial sector. Both startups and established financial institutions are harnessing technology to craft tailored offerings, enriching the customer experience while simultaneously reducing operational costs. This proliferation of innovation broadens the array of financial products and services available to individuals and businesses alike, thus advancing inclusive growth and fostering economic empowerment within the community.

Impact and Future Prospects

The concerted endeavors aimed at digitization and inclusivity have yielded remarkable outcomes for both the economy and society of Latur. The surge in financial inclusion has acted as a catalyst for economic growth, fostering increased economic activity, promoting savings culture, and facilitating investments in pivotal sectors like education and healthcare.

As Latur looks towards the future, its financial sector stands poised for further advancement. Continued investments in digital infrastructure, bolstering cybersecurity measures, and refining regulatory frameworks are imperative to sustain the current momentum. Moreover, efforts to enhance financial literacy and extend outreach to marginalized communities will be crucial in ensuring that the benefits of financial services are universally accessible. By proactively addressing these facets, Latur can continue its journey towards comprehensive financial inclusion and cement its status as a beacon of progressive economic development.

Also Read: What Are The Key Takeaways From Budget 2024?

Personal Insights

Abhay Bhutada, MD of Poonawalla Fincorp and a proud native of Latur, shared profound insights during his address at the WITT Global Summit. Abhay Bhutada passionately elaborated on the transformative power of digitization, particularly its impact on small-town citizens. He emphasized how this technological advancement has empowered individuals to play significant roles in nation-building efforts. His remarks resonated deeply with the broader narrative of Latur's financial evolution, showcasing the city's remarkable journey towards inclusive growth and prosperity through innovative digital initiatives.

Conclusion: A Blueprint for Inclusive Growth

Latur's journey towards financial empowerment through digitization and inclusivity serves as a compelling blueprint for inclusive growth and prosperity. By embracing digital innovations and prioritizing inclusivity, Latur has modernized its financial infrastructure and fostered opportunities for economic empowerment and social advancement. As nations worldwide strive to fortify their financial systems, the Laturian model demonstrates how technology and inclusivity can converge to drive inclusive growth and prosperity for all.

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Driving Inclusive Prosperity: Latur's Trailblazing Journey Towards Financial Empowerment

Latur, Maharashtra: A Beacon of Financial Inclusion

In recent years, Latur has undergone a profound transformation in its financial sector, propelled by initiatives centered around digitization and inclusivity. This transformation has not only modernized financial services but has also expanded access to marginalized communities. By harnessing technological advancements and fostering inclusivity, Latur has emerged as a trailblazer in strengthening financial infrastructure while promoting economic growth and social equity.

Modernizing Financial Services: The Digital Frontier of Latur

At the heart of Latur's financial evolution lies a robust framework of digitization initiatives. Collaborating with financial institutions, the government has embarked on a journey to digitize banking, payments, and insurance services. This digital transformation has not only modernized traditional financial processes but has also ushered in a new era of efficiency and accessibility.

The widespread adoption of mobile banking and digital payment platforms has empowered individuals to manage their finances conveniently. With the proliferation of smartphones and internet connectivity, even those in remote areas can access financial services with unprecedented ease. Gone are the days of long queues at bank branches; now, individuals can conduct transactions, pay bills, and access credit from the comfort of their homes or local communities.

Furthermore, digitization has catalyzed the integration of fintech solutions, stimulating innovation and fostering healthy competition within the sector. Start-ups and established financial institutions alike are leveraging technology to develop innovative products and services tailored to the evolving needs of consumers. This wave of innovation not only enhances the customer experience but also drives down costs and expands the range of financial products available to individuals and businesses.

Also Read: Unraveling The Intricacies Of Cost Of Funds And Cost Of Borrowing

Breaking Barriers: Latur's Commitment to Inclusive Financial Access

Latur's unwavering commitment to inclusivity has been instrumental in ensuring that the benefits of digitization reach all segments of society. Acknowledging the pivotal role of financial inclusion in driving economic development, the government has implemented targeted policies to serve marginalized communities, including rural populations, women, and the economically disadvantaged.

One notable initiative is the expansion of banking infrastructure in rural areas through the establishment of banking correspondents and mobile banking units. These endeavors have enabled individuals in remote regions to access banking services, obtain credit, and partake in formal financial activities. Additionally, financial literacy programs have been introduced to equip individuals with the knowledge and skills necessary for informed financial decision-making.

In addition to geographical inclusivity, Latur has prioritized gender inclusivity in its financial sector reforms. Gender-sensitive lending programs and tailored financial products have been implemented to address gender disparities in economic participation, thereby promoting greater financial autonomy among women.

Empowering Communities: The Socioeconomic Impact of Financial Inclusion

The collective efforts directed towards digitization and inclusivity have yielded substantial benefits for Latur's economy and society. Financial inclusion has surged, with a larger proportion of the population gaining access to formal financial services. Consequently, this surge has spurred economic activity, encouraged savings, and facilitated investments in vital sectors such as education, healthcare, and entrepreneurship.

Furthermore, the digitization of financial services has bolstered transparency, reduced transaction costs, and mitigated the risks associated with cash-based economies. Small businesses and entrepreneurs have reaped the rewards of enhanced access to credit and digital payment solutions, fostering entrepreneurship and driving economic growth.

Looking ahead, Latur's financial sector is poised for further advancement. Continued investment in digital infrastructure, cybersecurity measures, and regulatory frameworks will be essential to sustain the momentum of digitization. Moreover, efforts to deepen financial literacy and expand outreach to underserved communities will be pivotal in ensuring that the benefits of financial inclusion are universally realized.

Also Read: What Is RBI’s Stance On Unsecured Loans?

Voices of Change: Abhay Bhutada's Insights on Latur's Financial Evolution

Speaking at the WITT Global Summit, Abhay Bhutada, MD of Poonawalla Fincorp, highlighted the transformative impact of digitization on small-town citizens in Latur. "As someone from Latur myself, I've witnessed firsthand how digitization has broken barriers and empowered citizens to contribute towards nation-building," remarked Abhay Bhutada. His personal experiences resonate deeply with the broader narrative of Latur's financial evolution, where digitization serves as a catalyst for socioeconomic progress.

Abhay Bhutada's insights underscore the profound societal changes catalyzed by digitization, emphasizing its role in fostering inclusive growth and economic empowerment. Through access to digital financial services, individuals in Latur have gained newfound opportunities to participate in the formal economy, access credit, and pursue entrepreneurial ventures. This shift not only enhances individual prosperity but also contributes to the overall development and resilience of local communities.

Also Read: How Can NBFCs Become Active Participants In The Payment Ecosystem?

Latur: A Model for Inclusive Prosperity in the Digital Age

Latur's journey towards enhancing its financial sector through digitization and inclusivity stands as a testament to the transformative potential of technology and proactive policymaking. By embracing digital innovations and prioritizing inclusivity, Latur has not only modernized its financial infrastructure but has also fostered opportunities for economic empowerment and social advancement. As nations worldwide endeavor to fortify their financial systems, the Laturian model serves as a compelling blueprint, showcasing how technology and inclusivity can converge to drive inclusive growth and prosperity.

[vrutweek81]

Exploring Lucrative Investment Opportunities in Pune: A Rising Economic Hub

Exploring Investment Properties in Pune

Nestled in the heart of Maharashtra, Pune has evolved from being a quiet educational and cultural hub to a bustling metropolis with a thriving economy. As one of the fastest-growing cities in India, Pune presents a myriad of investment opportunities for those seeking to capitalize on its economic growth and potential. In this blog, we'll delve into some key sectors and trends that make Pune an attractive destination for investors.

Information Technology and Software Services: Pune has long been recognized as the "Oxford of the East" due to its prestigious educational institutions. However, over the past few decades, it has also emerged as a major IT hub. With the presence of numerous IT parks and technology companies, investing in the information technology and software services sector in Pune is a prudent choice. The city's skilled workforce, supportive government policies, and growing demand for digital solutions contribute to the sector's robust growth.

Real Estate and Infrastructure: Pune's real estate market has witnessed steady growth, driven by a burgeoning population and increasing urbanization. The city offers a range of residential and commercial projects, making it an attractive destination for real estate investors. The development of infrastructure projects such as metro rail, highways, and smart city initiatives further enhances the investment potential in this sector.

Automobile and Manufacturing: Pune is often referred to as the "Detroit of India" due to its prominence in the automobile manufacturing sector. Several leading automotive companies have established their manufacturing plants in and around Pune. With a focus on electric vehicles and sustainable manufacturing practices, the automobile and manufacturing sector in Pune continues to evolve, offering lucrative investment opportunities.

Startups and Innovation: Pune has become a breeding ground for startups and innovation, thanks to a supportive ecosystem and a pool of talented entrepreneurs. The city hosts numerous incubators, accelerators, and co-working spaces that foster the growth of new ventures. Investors looking for high-growth potential can explore opportunities in Pune's startup landscape, which spans diverse sectors such as fintech, healthcare, and agritech.

Education and Training: The city's reputation as an education hub has created opportunities in the education and training sector. Investments in educational institutions, vocational training centers, and edtech startups can yield substantial returns. As the demand for quality education continues to rise, investors can play a pivotal role in shaping Pune's education landscape.

Conclusion:

Pune's dynamic and diversified economy, coupled with a proactive business environment, makes it an enticing destination for investors. Whether you are looking to invest in technology, real estate, manufacturing, startups, or education, Pune offers a plethora of opportunities for those with a strategic vision and a keen eye for emerging trends. As the city continues to grow and evolve, smart investors can capitalize on the rising tide of economic prosperity in this vibrant metropolis.

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FSI in Mumbai: How to calculate Floor Space Index?

Floor Space File (FSI) or Floor Region Proportion (FAR) in Mumbai is a vital idea as it oversees the level of the structure concerning the plot size. FSI in Mumbai was as of late modified to suit the developing populace and land interest in the city. The FSI in various areas of Mumbai is determined by the proportion between accessible region and complete developed region. Here are the most recent FSI proportions in Mumbai for private and business structures:

How to work out FSI? Here is the recipe of FSI estimation:

FSI = Complete region of a story/Gross area of plot

The principles and guidelines connected with FSI in Mumbai change in view of the alterations by NBC.

What are the elements that characterize FSI in Mumbai? The elements that decide the worth of FSI in various areas of Mumbai are:

The total size of a property The sort or utilization of a structure, for example, private, business, modern, among others Area of the structure Conveniences accessible with the property It likewise relies upon the development work out, development models, populace elements, and the idea of accessible space.

FSI in Mumbai for private structures The Maharashtra government or the administrative authority follows a travel direction for the improvement approach. It permits the metropolitan arranging plans to save the greatest FSI for various areas. The worth can be just about as much as 5. The classes of the FSI esteem are:

Width of the street (in meters) Minimum size of the plot (sq m) Permissible most extreme FSI 9-12 m -Beneath 1,000 2 12-18 m -Above 1,000 2.5 18-24 m -Above 2,000 3 24-30 m -Above 3,000 3.5 30 m or more -Above 4,000 4-5

These figures are for the private structures in Mumbai. Each task needs to follow this code for building new premises in the city. For suburbia, the FSI esteem has been set to 2.5 for similar class of private structures.

FSI in Mumbai for business/places of business Building type FSI Biotechnology FSI 3, 4, 5 for street facing 12, 18, 30 m, separately. IT/ITeS FSI 3, 4, 5 for street facade 12, 18, 27 m, individually. Brilliant fintech centers FSI of 3.0 for plot up to 2,00,000 sq m FSI of 4.0 for plot north of 2,00,000 sq m

What is the meaning of FSI in Mumbai? The meaning of FSI worth can be summed up as follows:

Proportion between open space and created space streamlined The environment of the city is overseen well Stable improvement of a task can be estimated and made due Enhancement and upkeep of a harmony between arranged, upheld development and improvement of private and business buildings The public authority reconsidered and expanded the FSI esteem from 1.33 to 3 for private properties and 5 for business advancements. This is about the FSI values in various classes of land improvement in Mumbai.

[collegesakha]

D.Y. Patil University (DPU) Pune (MBA Fees, Courses, Placements, Online MBA)

D.Y. Patil University Pune Institutions has been a leading organization among India’s top educational institutions since 1983. The Government of Maharashtra passed Act No. VI of 2019 established the D Y Patil University, Pune, and it is accredited by UGC, New Delhi, India.

The D Y Patil Group of Institutions was established with the goals of delivering high-quality instruction and supporting social responsibility. By opening the first engineering college in Navi Mumbai in 1983, Father Founder Hon’ble Dr. D Y Patil laid the groundwork for the organization. In all academic disciplines, including agriculture, medicine, science, engineering, management, and design, the group started to expand exponentially.

The Padma Shri Dr. D. Y. Patil Group, which is led by the father founder, has 12 campuses across India, including 6 universities and more than 150 institutes that are involved in providing education from KG to PG.

Our Travels

Since 2006, UG and PG programs approved by AICTE, MSBTE, PCI, and COA have been successfully offered at D Y Patil Technical Campus Colleges, including D Y Patil College of Engineering, D Y Patil School of Engineering Academy, D Y Patil Institute of Engineering and Technology, School of Pharmacy, Padmabhushan Vasantdada Patil College of Agriculture, D Y Patil Polytechnic, D Y Patil Institute of Management, and D Y

A rich tradition of excellence spanning more than 13 years led to DY Patil University’s transformation and continued delivery of cutting-edge programs.

Institute provides all the scholarships to the candidates admitted through

Candidates in the SC, ST, VJ/DT (NT(A)), NT(B), NT(C), and NT(D) categories are exempt from paying tuition in full.

Candidates from the OBC category receive a 50% tuition fee waiver.

Through the EBC Scheme, candidates in the Open Category are granted a 50% tuition fee waiver.

Minority students have access to every minority programme offered by the Maharashtra government

Awards (D.Y. Patil University Pune)

12th All-India B-School Survey by Chronicle 2022 DYPIMR ISO 9001:2015 Certified

Competition Survey 2021 DYPIMR ISO 14001:2015 Certified

Competition Success Review’s 2021 ranking of the top business schools in India

India’s Best B — Schools Survey for 2020 B-School Rating by Business Standard Survey 2020 Reaccreditation by NBA in 2020 for MBA Program

DYPIMR has received the Savitribai Phule Pune University’s Best College Award for 2019.

With a cumulative grade point average (CGPA) of 3.29 on a scale of seven, the MBA and MCA programs were accredited by the National Assessment & Accreditation Council (NAAC) in 2017. The MBA program received the Best Management College in India Award 2017 from Praxis Media.

The 2017 Merit Awards & Market Research Best Management College in Maharashtra Award is one of India’s most prestigious education accolades (MAMR).

Online MBA from D.Y Patil University Pune

The best and most respected professional MBA degree program is the Master of Business Administration (MBA), which was created to help students develop the skills necessary for the management and business careers. The candidates will acquire the necessary skills, knowledge, and attitude through the MBA program offered by D.Y. Patil Vidyapeeth through online learning or correspondence.

The online MBA programs offered by DPU COL are UGC-approved and allow students to earn their post-graduate management degree without the hassles of a full-time MBA program. By giving your career the right boost with the help of DPU-online COL’s MBA program, you can empower yourself. This MBA degree program will assist students in gaining knowledge of all crucial ideas, procedures, and market trends.

The online or part-time MBA programs offered by DPU-COL prepare students for the most lucrative and promising employment opportunities. Anywhere in the world may pursue these MBA programs.

The online MBA program at DPU-COL offers the following specializations:

Market Management

FinTech Management

Finance Management

Hospital Administration and Healthcare Management

Human Resource Management

Business Analytics Management

Project Management

Artificial Intelligence and Machine Learning

IT Management

Digital Marketing Management

Operations Management

Block Chain Management

International Business Management

Logistics, Materials, and Supply Chain Management

Eligibility

The following are the main requirements to apply and request admission to DPU-COL for an MBA course:

The applicant should be a graduate, meaning they should hold a Bachelor’s degree in any discipline from an accredited university.

For unreserved categories, the candidate must have graduated with at least a 50 percent overall score, and for reserved categories, at least a 45 percent overall score.

Learn More About Fees And More…

[easypayindia]

Pune is emerging as the most progressive and advanced city with the best infrastructure development in Maharashtra. We are proud to support the development of digital banking infrastructure for Maharashtra through our robust and technological advanced Easy Pay APP. Our aim is to offer convenience of banking services to masses of rural and urban communities, Self Help Groups, farmers, college and university students, corporate and government salaried employees and every common person through the largest growing  Retailer Network of 19,00,000 plus outlets available in 18,000 + Pincodes across the country. We create opportunities by empowering retailers to earn extra income by offering banking services through our Easy Pay APP. Served more than 4,30,00,000 consumers and counting. Striving to create Maharashtra the Most digitally advanced city in Maharashtra with our #BankWaliDukaan https://epaper.loksatta.com/c/66359557

[thorathorrat]

What should you focus on during your PGDM?

You might come to believe that one of the best courses to take after graduation is a PGDM course. But how do you pick the best specialization for you out of the numerous options? Should you choose one of the fundamental specializations like human resources management, marketing, finance, or international business? 

However, there are numerous other specializations with promising career paths, including retail management, PGDM colleges in Maharashtra in Fintech, financial markets, business analytics, and digital marketing. You might already be aware of your favorite courses as a recent graduate. However, it might not be enough to help you choose the best specialization.

Let's be very clear about one thing: a PGDM course from PGDM colleges in Maharashtra will prepare you to handle a lot of difficult work with ease. It provides you with the right resources, methods, and mindset to complete challenging tasks and solve challenging issues en route to success. Work hard; PGDM from PGDM colleges in Maharashtra is not a replacement for that. It serves as proof that you are capable of working hard. It doesn't give you the choice to turn away from the issues that your company is experiencing. 

Your professors and institution expect you to approach challenging tasks using all of your management skills and knowledge. A management expert won't take a controversial or confrontational stance. He will make a decision that guarantees the accomplishment of the organization's goals and objectives without endangering the interests or feelings of anyone.

Your ability to work hard and motivate others to do their best work will help advance your career as a management professional, regardless of whether you want to work in retail management, marketing management, or digital marketing. Successful management professionals often share skills like time management, critical thinking, and constant learning.

Can a student undergo as many changes in a 2-year program and emerge as a strong but refined professional? Young graduates may have had average academic preparation, but after completing a PGDM program from the top PGDM colleges in Maharashtra, they are unquestionably not typical professionals. Given their ability to develop students into fine professionals, many students with backgrounds in engineering and information technology enroll in PGDM or MBA programs.

Although many of them make it a point to complete a postgraduate business management degree before entering the job market, they may succeed just fine without one. It's because a PGDM degree from the best PGDM colleges in Maharashtra benefits them professionally.

[admissionshalapune]

ADMISSIONSHALA: ITM University Navi Mumbai Admission Details and Reviews

Admissionshala, Before we discuss ITM Navi Mumbai University admission details and reviews let's get to know about admissionshala and its services, as how we help students by landing them in the top colleges and universities. We are the top admission consultant in Pune. 

we use a Common Application Process (CAP), which allows students to apply to multiple colleges at once, providing a hassle-free, time-saving, and snappier user experience. Our knowledgeable college admissions counselors will be there for you every step.

We have a strong association with alumni of pioneering tier-1 colleges such as XLRI, Symbiosis, IIMs, NIT, and WeSchool, to name a few, because we have been in the education business for 14 years. We host various training sessions and mock interviews with their valuable ideas and assistance in order to crack the college GD/PI processes. This initiative increases their chances of being accepted to college.

To summarise, Admissionshala ranks first among admission consultants in India and is the best website for getting multiple admission and placement-related questions answered in a highly personalized manner. We keep you up to date on the latest news regarding the institutes, various scholarship programs, and student development programs.

With the assistance of our certified college admissions consultant, who makes our experience more human in digital proximity, we are in the right place to get crystal-clear, correct, and apt college comparisons.

ITM University Navi Mumbai Overview

ITM is a leading business school in Mumbai, Maharashtra that provides the best PGDM programs. We are one of the top PGDM colleges in Mumbai, with excellent placement records.

The Institute of Technology and Management (ITM University) is a private university in Navi Mumbai, Raipur, Chhattisgarh, established by the private organization ITM Society under Section 9 (2) of the Chhattisgarh Private Universities (Establishment and Operations Amendment) Act 2011.

ITM College is UGC-approved, and the Institute for Technology and Management, Kharghar (ITM Mumbai) campus is tranquil and peaceful.

Difference Between UGC and AICTE

The University Grants Commission (UGC) is a statutory body established by the Government of India. AICTE is not internationally recognized, whereas UGC is. If a college is UGC-approved, it does not have to be AICTE-approved. As a result, a UGC-approved college is preferable.

Is ITM Navi Mumbai Worth Joining?

ITM is good for placements because they offer a 5-month internship program and a 2-week NGO internship program, which is the most appealing aspect of ITM. Many students receive pre-placement offers from companies as a result of this internship, and it also provides experience in the corporate world.

ITM University Navi Mumbai Admission Details and Reviews

ITM University Navi Mumbai Admission Details

The institute accepts applications for the PGDM iConnect program online. To apply for admission, candidates must pay an application fee of INR 1,500.

Documents required at the time of PGDM admission (MPPI)

Original documents for verification and photocopies:

Entrance test results

Graduation mark sheets and certificate

Proof of work experience (if any)

Demand draft of INR 25,000 in favor of 'Institute for Technology and Management payable at Mumbai

The institute provides PGDM iConnect in ten specializations, including FinTech, Finance, Marketing, and International Business.

According to college placement data, ITM Navi Mumbai completed its placements for the 2019-2021 batch with a nearly 100% placement rate. The most expensive package available was INR 22 LPA.

PGDM iConnect costs INR 10.45 lakh in total.

To apply for PGDM iConnect admission, candidates must have completed their graduation with at least a 50% aggregate and taken one of the national or state-level entrance exams such as CAT/ MAT/ XAT/ GMAT/ ATMA, etc.

Students are awarded an iFirst scholarship based on their performance in the scholarship test.

ITM University Navi Mumbai Reviews

The curriculum structure was excellent, with practical study receiving 50% of the weightage. The research was the focus of the assignments. The faculty were engaging and knowledgeable, with extensive industry experience.

The placements are excellent because our batch 2020-2022 began in August 2021 and is still ongoing.

College offers internships in a variety of companies, and I received a stipend ranging from $2,000 to $5,000 in exchange for practical work experience.

The faculty provided excellent content.

The industry expert sessions were incredible and eye-opening.

The sessions were well-planned and had a significant impact on the effective application of what was taught in the sessions at work.

The hostel infrastructure is good; I will give it a 5 rating. The food, however, is not as good as expected.

The campus life is good; there is greenery, and during breaks, you can roam the entire campus; the infrastructure is good; there is a canteen, a gym, and clubs such as the book club, with which I was involved.

[fiorick]

Lead - Business Analyst - Fintech

Lead – Business Analyst – Fintech

Job title: Lead – Business Analyst – Fintech Company: Kairos Consulting India Job description: design, variable selection, back-testing, model validation and implementation. – Expertise in Bureau data & geocoding data… analytics. Persona : – Looking for 8-9 years of experience in business analytics, credit risk, model development & marketing… Expected salary: Location: Pune, Maharashtra Job date:…

[educationinstitutions]

Data Analytics Courses

Axis Bank’s School of Fintech is the first ever job assured program equipping technology graduates with future enabled skills to build a start up career within the financial services space. Data Science Training in Mumbai will make your career a new height. We at ExcelR Technologies provide you with an excellent platform to learn and explore the subject from industry experts. 

With respect to the above steps, you will also learn how to use data science specific libraries in Python eg. The job is to work in artificial intelligence domain to develop improved methods of machine learning. We teach all the topics from very basics to advanced and latest algorithms in a simple understanding language. 

Data Analytics Courses

If you are very new to the terminology then our faculties will first make you understand every basic terminology before commencing the lecture of data science certification course in Mumbai. Data science is a combination of stats, math, and computer science concepts. Before the invention of Data science, there was a traditional data scientists team are there in companies where they use a long descriptive and exploratory methods in order to identify performance and results. 

They need to consider both vast new and old data without having an idea about effects on future behavior. But now Data scientists have innovative predictive and prescriptive methods of data science.  The course content is well designed and in line with current market requirements.

ExcelR- Data Science, Data Analytics, Business Analyst Course Training Andheri

Address: 301,Third Floor, Shree Padmini Building, Sanpada, Society, Teli Galli Cross Rd, above Star Health and Allied Insurance, Andheri East, Mumbai, Maharashtra 400069

Phone: 091082 38354

 Data Analytics Courses

[moneycafe]

Paytm Money opens new R&D center in Pune, To hire over 250 engineers

Paytm Money opens new R&D center in Pune, To hire over 250 engineers

Paytm Money has setup up a new technology development and innovation center in Pune, Maharashtra. The company is also looking to hire over 250 engineers to support research and development. It believes that Pune is going to be the next big innovation hub for fintech firms. Fintech major Paytm’s wealth Management arm Paytm Money has opened up new research and development center in Pune to support…

[iserveutechnologies]

Villagers rejoice the drastic changes in their lives as fintech startup brings banking services to their doorsteps.  Bhubaneswar: In Sundargarh district’s Bisra block, 16-year-old Kesab Munda would cycle around 18 km every day to the nearest ATM to withdraw money from his father’s Jan Dhan account. In his neighboring village, 22-year-old graduate Sukant Soren would go through the same ordeal to get money for the daily needs of his family. Sabita Das, a 55-year-old woman from a village in West Bengal’s Malda district, would walk up to 10 km to  reach her bank’s branch to withdraw her pension money. She would have to stand in a queue, plead bank babu, put thumb impression to get her due. However, all this has changed drastically since the arrival of e-banking services at their doorstep. All thanks to Micro ATM and Aadhaar enabled Payment System services (Aeps) and Aadhaar ATM provided by iServeU.   Kesab now withdraws money from his father’s account from the micro ATM available at the adjacent village, sparing him the arduous weekly 18-km ‘cyclotron. It’s none other than Sukant who is providing banking services in his small grocery shop in the village. The services micro ATM installed at his shop offers a host of convenient services like cash withdrawal and cash deposit, digital payments (from life insurance to electricity), etc.   In her village, Sabita too has found this service at a nearby Kirana shop and is happy that she doesn’t need to go anywhere for withdrawing her widow  pension money. No thumb impressions with blue ink now, all she has to do is a simple finger scan to authenticate the transaction with Aadhaar ATM—   that’s it. This saves her so much time and trouble of going to that far-off bank branch.   This digital empowerment to bring the bottom of the pyramid to the process of financial inclusion has been made possible through iServeU, one of the   most successful fintech startup from eastern Indian, which is providing last-mile financial services like Micro ATM and Aadhaar ATM via Aadhaar  authentication.   This service is nothing but sort of a blessing for people like Sabita. She has a smile on her face now. Also, lakhs of villagers with the Micro ATM and Aadhaar ATM   Facilities are happy now. But this change didn’t happen overnight. It took a great deal of effort on part of iServeU to bring this change in rural India. It aims to provide banking services to people in rural areas where there is a low density of banking services. The company is presently providing financial services such as   cash withdrawal, cash deposit, balance inquiry, insurance, bill payment, etc. in as many as 30,000 villages in the country.   The first company to launch the Micro ATM service in India, iServeU has managed to win the trust of retails, agents, and locals. Today, it has 90,000 plus   retailers have AePS-enabled Aadhaar ATM and 40,000 retailers are using   Micro ATM. From Karnataka to Bihar, from Maharashtra to Gujarat, from Rajasthan to West Bengal, and Odisha, iServeU has successfully expanded.   from Metro to small villages across India. The company is also providing micro-lending facilities to its agent or retailers for business development. This has also given a boost to the business of the small vendors and retailers, who generally find it difficult to get loans through the formal banking system.   

[blogtechfuturemrfrworld]

Blockchain in Fintech Market Technologies, Applications, Verticals, Strategies & Forecast | Impact of COVID-19

According to Market Research Future (MRFR), the global blockchain in financial technology (fintech) market is estimated to reach USD 6700.63 million at a CAGR of 75.2% from 2017 to 2023 (forecast period). The report summarizes the market opportunities and market ramifications that arose as a result of the COVID-19 pandemic.

Blockchain is a technology that uses a shared ledger to record transactions across a decentralized computer network. Blockchain in fintech monitors and regulates information on digital transactions in fintech and prevents duplication. The incorporation of this technology offers real-time payments against assets with immutable state and digital identity, resulting in substantial cost savings in terms of reconciliation and settlement for a variety of financial institutions and banks. Leading financial institutions and banks, including J.P. Morgan, Citibank, Goldman Sachs, and Barclays, have taken measures to implement this technology.

Get Free Sample Copy of the Report @ https://www.marketresearchfuture.com/sample_request/6368

Key Players

The prominent participants in the blockchain in fintech market are Ripple (US), Amazon Web Services, Inc. (US), IBM Corporation (US), Microsoft Corporation (US), Chain Inc (US), BTL Group (Canada), Earthport PLC. (UK), Bitfury Group Limited (US), Oracle Corporation (US), and Digital Asset Holdings (US).

Ripple is one of the leading players in this market that connects banks, payment providers, digital asset exchanges, and companies via its platform RippleNet to provide a seamless experience in sending money globally. RippleNet is developed with advanced blockchain technology that is scalable, stable, and interoperates across different networks.

Other players in the global blockchain in fintech market are Circle Internet Financial Limited (Ireland), Guardtime (Estonia), Factom (US), AlphaPoint (US), Coinbase (US), Plutus Financial, Inc. (US), Symbiont.io (US), Auxesis Group (India), BitPay (US), Tradle (US), BlockCypher, Inc. (US), Applied Blockchain Ltd. (UK), Cambridge Blockchain, LLC. (US), Blockchain Advisory Mauritius Foundation (Mauritius), and RecordesKeeper (Spain), among others.

Access Complete Report @ https://www.marketresearchfuture.com/reports/blockchain-fintech-market-6368

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact: Market Research Future 528, Amanora Chambers, Magarpatta Road, Hadapsar Pune – 411028, Maharashtra, India Email: sales@marketresearchfuture.com