Axis Bank and RBIH to advance digital financial inclusion for Indian women

By Leandra Monteiro

Axis Bank, India’s third-largest private sector bank announced its association with The Reserve Bank Innovation Hub (RBIH) for Swanari TechSprint initiative that aims at advancing digital financial inclusion for women across the nation. RBIH will host Swanari TechSprint from 18th – 22nd April 2022 to create and produce smart, creative and sustainable solutions for underserved, low and middle income (LMI) women and for women-owned enterprises in India.

With this launch, RBIH will create a platform for FinTechs, financial service providers, innovators and subject matter experts to collaborate, ideate and solve specific problems and code prototype solutions in real-time. This partnership will enable Axis Bank to strengthen its commitment toward financial inclusion and also reinforce its Bharat Bank strategy of ensuring last-mile connectivity.

Speaking on the occasion, Munish Sharda, Group Executive & Head Bharat Banking, Axis Bank, said The Reserve Bank Innovation Hub (RBIH) has been consistently demonstrating their commitment in developing new and innovative ways to accelerate financial inclusion in India, and it gives us immense pleasure to associate with RBIH for Swanari TechSprint initiative.  As a responsible citizen, we are committed to continue supporting emerging fintech solutions and work collaboratively for ensuring best financial outcomes for women.”

Axis Bank is the third-largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SMEs, Agriculture and Retail Businesses.