00:00Hi Mr. Vedant Chopra, I would like to know a little about your Bankers' Club, how did you get this idea and what is Bankers' Club?
00:14So Bankers' Club basically is a thought behind giving a meaningful engagement to the bankers after retirement.
00:21Okay.
00:22And we see that banker enjoys the glory of the institution till he retires at various roles.
00:27But after 60, he vanishes from the ecosystem.
00:30But then there is a 40 years of experience that he brings with him, it's a knowledge.
00:34So to leverage that 40 years of experience and MSME, we serve MSMEs on one side.
00:40MSMEs for various needs, balance sheet, treasury, fundraising, debt, equity, IPO, pre-IPO.
00:47Now if we have to serve MSMEs which are 6 crore MSMEs, pan India, especially in category B, C, D cities,
00:54you know, the reach to them in a digital manner because they don't use digital.
00:59India is a demographic which is more digital.
01:01So that's where we combine bankers' experience in those remote cities and we service the MSMEs.
01:06And today we can service the MSMEs in smaller towns like Satara, Jammu, Udhampur, you know,
01:12by deploying our banker on ground who does the due diligence part and does the financial advisory.
01:17And how does the Bankers' Club work?
01:20So basically, there is a pool of bankers on one side, you come and register on our portal.
01:24It's not a freelancing portal, you have to take registration as a banker, as a retired banker.
01:28And then you have to build your profile.
01:31So profile, it's a deep dig profile, like if you have 40 years of experience, you have done credit.
01:36Credit at what level you have done, right?
01:39And treasury at what level you have done.
01:41So accordingly, our AI matches your experience with the MSME, the kind of service they need.
01:47And that matching comes and then suppose geographical matching, it's your profile.
01:52So we give that mandate to you for the fundraising or howsoever.
01:55And then you work on that mandate and you earn the success fee.
01:58And the part of success fee, the majority part of the success fee up to 50% goes to you and the rest goes to the bank.
02:06Today, we are able to serve 12,000 MSMEs.
02:11Going forward, we will serve up to 1 lakh this year.
02:15And these 2,000 bankers, this will go up to 10,000 bankers.
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