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Financial independence: Women taking the lead in money matters

In a rapidly changing landscape, women are taking charge of their financial destinies, breaking barriers, and redefining traditional roles. Jyotsna Singh, from Kotak Private Banking, highlights this shift, emphasising the rising tide of women in the workforce, whether in family businesses, entrepreneurial ventures, or corporate settings.

By Surabhi Upadhyay Nov 24, 2023 5:47:09 PM IST (Published)

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In a rapidly changing landscape, women are taking charge of their financial destinies, breaking barriers, and redefining traditional roles. Jyotsna Singh, from Kotak Private Banking, highlights this shift, emphasising the rising tide of women in the workforce, whether in family businesses, entrepreneurial ventures, or corporate settings.

“An increasing number of women joining as clients, actively participating in financial decision-making, and extending their interest beyond money matters to include succession planning,” Singh stated, in a recent episode of Financial Quotient, a CNBC-TV18 series focusing on Women and Money.

Aditi Kothari of DSP Mutual Fund stresses the importance of financial independence for women. With changing dynamics, relying solely on spouses for financial decisions is no longer sustainable. Kothari points out that rising divorce rates and women's longer life expectancy necessitate financial autonomy.

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