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बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
UK-India Financial Partnership (UIFP) Launched
Oct 14, 2014

At the seventh UK-India Economic and Financial Dialogue held in Delhi on July 8, 2014, the Finance Ministers of both the countries launched the UK-India Financial Partnership. The Partnership will strengthen links between the Financial Services industries of both countries and deepen cooperation between London and Mumbai, two of the World’s leading Financial Centres. 

Uday Kotak, Executive Vice Chairman and Managing Director of Kotak Mahindra Bank, will represent the Indian Financial Services industry, and Gerry Grimstone, Chairman of Standard Life and The City, UK will represent the UK. 

The Partnership will initially focus on the following work-streams: 

  • Collaboration to develop the corporate bond market.

  • Mutual sharing of expertise on banking regulation and capitalization.

  • Enhancing financial training and qualification.

  • Financial inclusion.

  • Developing programme around the opportunities to improve cross border provision of financial and insurance services. 

Both the industry leaders will convene working groups of professionals to examine key areas of common interest and will report the progress and make recommendations to the Minister of Finance, India and the Chancellor of the Exchequer, UK ahead of the next UK–India Economic and Financial Dialogue in 2015.

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