T Has Recordeda 25 Per Cent Adoption Rate Most Banksathi Advisors And Customers Come From Tier Two Cities Like Jaipur News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bangalore (Karnataka) [India], November 4 (ANI/NewsVoir): BankSathi, Seasoned Investor Kunal Shah-backed Financial Advisory platform has added three new Indian languages to its platform to support and encourage awareness for locals to bolster the growth in the lesser-known financial domain. It gives people great pride to see their language on the app, and they feel like the product is their own. Two more local languages will be added to the application in a future version. This venture will benefit 30 lakh customers and 5 lakh advisors. The penetration of financial products in India is extremely low. The overall consumer loans as %GDP is 17 per cent while this is 80 per cent in the US and 56 per cent in China. India has only 4.5 active credit cards per 100 people while the US has 337 credit cards and China has 54 Credit cards per 100 people. BankSathi is contributing a big role to provide the right financial product access to underpenetrated billion users. In a country as diverse as In ....

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