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Events ET launches second edition of Best BFSI Brands coffee table book

ET launches second edition of Best BFSI Brands coffee table book

Leading BFSI brands lauded at The Economic Times Best BFSI Brands 2018.
Team Cafemutual Feb 12, 2018

The Economic Times Best BFSI Brands 2018 held at The Sahara Star, Mumbai, saw top industry leaders from the banking, financial services and insurance sector discussing various aspects to bring in a paradigm shift in the BFSI sector. The event also saw the unveiling of “The Economic Times Best BFSI Brands Coffee Table Book” and felicitation of select brands to acknowledge their contribution to the BFSI industry.

The summit commenced with opening remarks from R. Amalorpavanthan, Deputy Managing Director, National Bank of Agriculture and Rural Development (NABARD) stating, “There has been a major thrust on infrastructure. We are looking to promote smaller markets and link then to larger market and this is a major challenge. With markets widely spread across the country, connectivity becomes very important. Even though it is very challenging we have an ambitious target of doubling the farmer’s income by 2022”

Expressing his views for the evening, Deepak Lamba, President - Times Strategic Solutions, said, “We are grateful to the BFSI trailblazers who have gathered here today for the larger good of the financial community. The aim of the summit was to highlight ideas behind revamping and reshaping the Indian BFSI industry and bringing it at par with global standards to cement India’s position as one of the fastest growing economies, BFSI being at the crux and heart of this growth story.”

Chief guest Dr. Ranjit Patil, Minister of State Home (Urban) Development, Skill Development and Entrepreneurship, Law & Judiciary, Parliamentary Affairs, Government of Maharashtra said, “As we march forward under the leadership of our Prime Minister, we have launched schemes like the Jandhan Yojana. 30 crore accounts were launched in the first six months of this government tenure. To achieve equitable distribution of wealth, BFSI sector plays a vital role.”

Participating in a panel discussion on riding the wave of structural changes in the BFSI sector, Kailash Kulkarni, CEO, L&T Mutual Fund said, “The ever growing technology has proven to be very beneficial.  Awareness levels about savings and investments are growing at a rapid speed in India. It has got a lot to do with the financial literacy which has increased in the last few years.”

Ankur Kharbanda, CEO - West Zone at Apollo Munich Health Insurance Company said, “The healthcare insurance industry is growing by 20% CAGR in the last 10 years. India consumes Rs.7 lakh crore in healthcare insurance. Healthcare insurance has been used as a health financing product”. The session was moderated by Kalpesh Mehta, Partner, Deloitte and also saw interesting inputs from Rakesh Jain, CEO, Reliance General Insurance.

The event concluded with the felicitation of the brands by Dr. Ranjit Patil.

Cafemutual was a Media Partner of the event.

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1 Comment
Felix Zeman · 2 months ago
Please read my provider's BG/SBLC Sale Transaction Procedure below and see if it will suit your requirements.


                                                                               PROCEDURES:

1.    Buyer submits Letter Of Intent (LOI) with full banking coordinates (there must be sufficient cash funds in this account), Enlarged 140% Colour copy of Passport , Client Information Sheet , Certificate of Incorporation (if applicable), Corporate Resolution (if applicable), Non-Solicitation Statement, and an Irrevocable Fee Protection Agreement .

2.    After conducting due diligence, the Seller will countersign the LOI and return it to Buyer including details of the BG Issuing bank, and Seller’s Passport copy. This LOI automatically becomes a full commercial recourse contract and will be notarized to avoid contract breach and Buyer will be required to take care of notarization expenses of the contract documents here in UK. After notarization of the contract documents here in the UK, both parties shall lodge the executed contract with their respective Banks.

3.    Within two (2) banking days, the Seller’s Bank shall send a PRE-ADVICE SWIFT MT199 or MT-799 to the Buyer’s Bank. (EXHIBIT A )  The PRE-ADVICE shall be valid for  four (4) banking days only.

4.    Within the same banking day, the Seller shall email a courtesy copy of the PRE-ADVICE SWIFT MT199 or MT-799 to the Buyer for confirmation. Within three (3) banking days after authentication of the PRE-ADVICE SWIFT MT199 or MT-799, the Buyer’s Bank shall reply and send a  SWIFT MT-799 to the Seller’s bank and a courtesy copy shall be sent  to the Seller’s email.

5.    Within three (3) banking days, after authentication of the Buyer’s SWIFT MT-799, the Seller’s BG Issuing Bank shall send the Bank Guarantee via SWIFT MT-760 to the Buyer’s Bank  ( EXHIBIT B ) and a courtesy copy shall be sent to the Buyer’s email. The Buyer’s bank verifies and authenticate the BG sent via SWIFT MT-760.

6.    Within three (3) banking days, after authentication of the BG sent via SWIFT MT-760, the Buyer shall send payment to the Seller via SWIFT MT-103 and concurrently pay Consultants commission fees of Two Percent of each tranche face value. Courtesy copies of the commission payments shall be sent to the respective consultants/beneficiaries and their paymasters.

7.    Within seven (7) banking days after authentication of receipt of payment to the Seller, the Seller’s BG Issuing Bank shall send the hard copy of the BG to the Buyer’s Bank  via Bank Bonded Courier.

8.    All subsequent tranches will be based on the same procedures until collateral or funds become exhausted.

9.    Any unauthorized calls by any party or its representative lawyers to probe or communicate in an improper way to bank(s) in this transaction shall be prohibited and contract terminated.

10. Please, Ready, Study and Understand VERY WELL, we will work STRICTLY base on this Transaction Procedure.

THIS TRANSACTION PROCEDURE IS NON NEGOTIABLE, DO NOT RESPOND IF NOT ACCEPTED.

Contact Me Via Email:- bfltd2011@gmail.com

I look forward to a mutually beneficial business relationship.

Sincerely,

Felix Zeman.
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