BCAS and NISM Collaborate to Enhance Financial Literacy in India
The Bombay Chartered Accountants’ Society (BCAS), India's largest and oldest voluntary professional body of Chartered Accountants, has joined hands with the National Institute of Securities Markets (NISM), an education and capacity-building initiative by SEBI, in a strategic collaboration. This partnership aims to promote financial literacy, enhance capital markets through research and workshops, and strengthen the connection between academia and the profession.
Both organizations of repute shall leverage their core strengths towards bridging the capacity and learning gap thereby improving the robustness of the financial fabric of India. The MoU also includes plans for capacity building, specialized training programs, workshops, research initiatives and similar joint initiatives. These training and development sessions are intended to provide practical exposure and hands-on experience ensuring participants are well-equipped to navigate the complexities of the securities market.
Speaking on the MoU signing, CA Anand Bathiya, President at BCAS, said, “BCAS has consistently demonstrated its steadfast commitment to the development of professional capabilities within the financial community as well as industry. We are excited to partner with NISM to channel our joint efforts towards further enhancing the financial fabric of our country”.
Adding to this, Shri Sunil Kadam, Registrar, NISM, said: “NISM believes that the professionals are important partners for the regulator to assist in maintaining the integrity of the market and we expect them to come forward and raise a concern about any red flags, malpractices or system failure which they observe, as early detection of such things will save a lot of damages. The collaboration is aimed at strengthening the capacity building of the professionals to play an important role in strengthening regulatory compliance. The Indian Capital Markets are expanding very rapidly and new opportunities will be created for young professionals through the joint courses and training offered by NISM and BCAS”.
The signing ceremony was followed by a fireside chat around “Bridging the Trust Deficit in Financial Markets: The Role of Professionals in Strengthening Investor Protection and Market Transparency.” Esteemed speakers included Shri Sunil Kadam, Registrar, NISM, and CA Anand Bathiya, President, BCAS. The session was moderated by Mr. Deepak Trivedi, Chief General Manager, of the Partnerships & Marketing Department.
This collaboration represents a crucial move towards developing a strong and inclusive financial ecosystem in India. BCAS and NISM are confident that their partnership will support the growth of the financial community and contribute to the country’s economic prosperity.
