Why Bharat Financial Inclusion Limited is a Great Place to Work
Bharat Financial Inclusion Limited is a Great Place to Work-Certified™ organization. The company has created a Great Place to Work FOR ALL their employees by excelling on the 5 dimensions of a High-Trust, High-Performance Culture™ – Credibility, Respect, Fairness, Pride and Camaraderie. Bharat Financial Inclusion Limited is recognized among India's Best Companies to Work For 2022 - Rank 84. Every year, Great Place to Work® identifies India's 100 Best Companies to Work For (with employee strength more than 500) through an objective and rigorous workplace culture assessment process.
Bharat Financial Inclusion Limited (BFIL) is a leading player in the financial services industry offering asset and liability product solutions from IndusInd Bank. Following its merger with IndusInd Bank in July 2019, they are now a 100% wholly-owned subsidiary of the Bank. They continue to enjoy market dominance in the microfinance space while continuing to expand by offering other banking products to their customers. Bharat Financial continues to be a concerned and sensitive partner to its clients and employees alike. The agenda of financial inclusion is consistently being driven by employees whose commitment and skills are being continuously reinforced by the organizations' efforts in people development, recognition and engagement.
Some of the Best People Practices and Initiatives at Bharat Financial Inclusion Limited include -
BFIL People Transformation Mission - Career Progression Framework: One of the key differentiators that sets apart BFIL is its ability to provide jobs to the rural, barely educated people. They hire massively 10th pass rural youth and groom them to handle key responsible roles of Field Officers. The hired employees in an age group of 17-21 years are trained to handle a portfolio Rs 1.2 Cr Lacs cumulatively with a customer base of 700 each.
Inspiring Illiterate women to transition from thumb impression to Signature.
Compulsory Group Training (CGT) - It is a training program for women to qualify and enrol as members/customers. During this 3-day training program the prospective customers are trained on company processes, interest rate calculation, and how to sign. This initiative of teaching Signature gives every employee the pride of implicitly being part of the National literacy campaign.