Global funds have shown growing interest in India as a credible investment destination, Yann Gerardin, Deputy Chief Executive Officer and Executive Chairman of Corporate & Institutional Banking (CIB) at BNP Paribas, told Finance Minister Nirmala Sitharaman during a meeting in Paris on Thursday.
Gerardin also praised India’s Digital Public Infrastructure (DPI), the finance ministry said in a post on X — a notable endorsement from a global banking major, and a sign that India’s digital rails have moved from policy showcase to a genuine factor in how international financial institutions assess the market.
The conversation was not one-directional. Sitharaman, who is in France on a four-day official visit, informed Gerardin that the government has announced a committee on the banking sector as part of its roadmap towards Viksit Bharat 2047, and sought his views and suggestions for the panel.
She added that India is positioning its banking sector globally, with special focus on the delivery of DPI and Account Aggregator systems.
Why it matters
The meeting carried a dual signal for foreign financial institutions: global capital’s conviction in India is being voiced at the highest levels, and New Delhi is actively inviting international banking expertise into its reform process. For a bank like BNP Paribas, with a long-standing India presence, that is an open door
