BFSI Vision was founded with the objective of providing members of
the BFSI community a platform to exchange ideas and push the boundaries of
knowledge. Along the way we did have our own share of learnings. After the crisis
of 2008, the BFSI sector and banking in particular came under severe criticism
– from being described as parasites to being greedy – the sector faced all
these allegations. However, while interacting with the Indian BFSI sector, I
was struck by the singular pursuit of social wellbeing practiced by them. Take
for example the Buldana Urban Co-operative Credit Society Ltd – a credit
society started by Radheshyam Chandak,
a self confessed money lender who transformed the lives of farmers and the
disadvantaged people in and around Buldana. Buldana Urban today runs schools,
warehouses, builds roads and in general has played a great part in revitalizing
the economy of Buldana. Or take the case of the big daddy of them all – The
State Bank of India which has founded the SBI youth for India – a movement
founded by SBI to channel the energy of willing urban youth to work for rural
India to transform the rural ecosystem. There are countless examples of how the
Indian BFSI sector has showed its humane face. The greed and arrogance that
destroyed livelihoods in the developed world were by and large absent in India
I was humbled by the sheer number
of schemes and efforts of the Indian BFSI Sector to help develop the Indian
under privileged. And what better way of celebrating this unique facet of the
Indian BFSI sector, other than to recognize their efforts by instituting a
series of awards for the best and most deserving of our institutions – a series
of awards aimed only at the BFSI sector firms.
The idea of the BFSI Vision CSR
Awards was born. A series of awards aimed at celebrating the human side of the
Indian BFSI sector. An award to inspire us for greater glory. To lend the award its credibility, we roped in
Ashvin Parekh Advisory Services – a boutique advisory services in the BFSI
space to be our knowledge partner, and to audit our processes. To make it free
from any bias we may have, we decided to stay away from the jury. The jury will
be chosen by APAS and not by us. We have a stellar jury lined up.
The award process is under way. We
will shortly open the nomination process. And we look forward to your
participation. Over the next few weeks, we will examine various facets of the
CSR activities of the BFSI sector. We will start the series with the theme of
“Women’s Empowerment” Meanwhile please do write to us if you know of any
initiative that has caught your attention. We will like to feature it.
Let the process begin.
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