G20 great platform for banking, Fintech to showcase India's growth: Standard Chartered Bank
Fintech to showcase what India has actually strived on and achieved from a growth standpoint, said Transaction Sales Chief at Standard Chartered Bank said on Wednesday.
«We have 100-plus countries participating. This allows India to showcase not only the talent it has but also the technology and platform that it has been able to achieve at scale to solve the problems,» Sanjeev Mehta,MD, Head of Transaction Banking (TB) sales-Corporate, Commercial and Institutional Banking-South Asia at Standard Chartered Bank told in an exclusive interview.
Further, he said, «Other countries can just take it and follow, for example, digital payment, India took the lead.
Most of the countries are just following it and the architecture and technologies that they need to take. G20 is a great platform organised to showcase all these.»
Mehta thanked the central government for taking up the initiative to help build and showcase India on a global platform.
Praising the Q1 GDP numbers of 7.8 per cent and the current health of the banking sector, Mehta said, «We deal with clients across various segments starting from MSMEs to MNCs like institutions.
What we've seen across the sector is that growth coming in double digits of about 10 to 20 per cent for sure, depending on industry to industry.»
«We see a huge amount of positivity across the country from a growth standpoint. I know some of the companies where the global teams have come in and they're not taking a growth number of less than 30 per cent.
Exports are increasing, companies are setting up their supply chains and a huge amount of investments are committed in that sector. So India is showcasing its growth to the world and G20 is the perfect platform to showcase India's success story,»
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