CITI Commits US $ 1.5 Million to ISB to Promote Financial Inclusion for Small Investors & Enterprises

CITI Commits US $ 1.5 Million to ISB to Promote Financial Inclusion for Small Investors & Enterprises

"Our focus at the CAF is to research capital markets in emerging economies, especially India. We expect our project findings to provide help and support in creating a sound financial infrastructure for those markets, and facilitate reforms to increase their

global competitiveness," explained Prof. Sankar De, Executive Director, Centre for Analytical Finance (CAF) at the ISB.

CAF is the first research centre of its kind in India devoted exclusively to scholarly research in finance, and the second such centre in Asia. The CAF is supported by leading academicians, top executives from national and international financial institutions and acknowledged regulators and policy makers. Over the past few years, CAF has organised several high profile international conferences / workshops / lectures by leading academicians and industry leaders. It has associated with top B-schools for collaborative research and is working on several strategic research projects.

In 2001, the Citi Foundation gave a grant of US $ 1 Million to the Friends of the Indian School of Business Foundation to start an Endowment Fund. The Fund's earnings have been used by the ISB for scholarships to deserving students pursuing its one-year post-graduate programme. This programme, known as the Citi Scholars Programme, has benefited 30 students to date.

Concluded.

Contributed by -
Ms. Bhuvana Ramalingam,
Director - Communications,
Indian School of Business, Hyderabad.

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