8 NOVEMBER2025SBICAP Securities Ltd, a segment of SBI, announced to the stock exchanges on Tuesday that Bhuvaneshwari A. would take over as Managing Director and CEO on November 1, 2025.Bhuvaneshwari joins SBICAP Securities with over 30 years in banking, having started her career as a Proba-tionary Officer in 1994 for SBI.Most recently, she was Chief General Manager of the SBI Circle in Thiruvananthapuram, where she oversaw more than 1,200 locations, where she was quite active in the enhancement of retail credit, improving deposits, and increasing market share.Earlier, she was a General Manager at SBI, in the Cor-porate Centre Redesign Studio where she focused on en-hancing operational efficiencies and client experience.At SBICAP Securities, Bhuvaneshwari will work closely with the Executive Committee, and with the Gen-eral Manager and Co-Founder Thomas M., to address the company's digital transformation and customer engage-ment strategies.One of her key priorities involves both enhancing technology platforms and diversifying platforms in keeping with enhancing investor accessibility around research.SBICAP Securities is a comprehensive stockbroking business providing services including equity trading, derivatives, and mutual funds. It is able to offer a com-plete range of investment solutions due to its continuity linkages with the State Bank of India, the largest public sector bank in India.Bhuvaneshwari holds a post-graduate degree in pub-lic administration and is certified by the Indian Institute of Bankers and a financial planner. An initiative has been launched by the Nasscom Foundation and ONDC Network to incorporate women-led enterprises in Karnataka into the mainstream of e-commerce. In line with this initiative, 200 enterprises led by women have been integrated into the ONDC Network, which provides access to larger e-commerce markets, new business opportunities and growth. The initiative is also expected to improve the in-come and long-term business performance of sellers in handicraft, handloom and manufacturing sectors with a sustainability focus. Jyoti Sharma, the chief executive of Nasscom Foun-dation, stated that India's e-Commerce market is expect-ed to become the second-largest globally by 2034. However, a large part of its small and medium sell-ers, especially women, face a variety of challenges, in-cluding a lack of or limited digital skills, and lack of ac-cess to online marketplaces. She indicated that this work with ONDC Network aims to meet the gap by enabling 200 women entrepre-neurs to have the knowledge and information needed to engage in digital marketplaces successfully. Both technology adoption and skills development to generate equal opportunity and sustainable market ac-cess for women entrepreneurs are focused upon. This initiative has commenced in 22 districts of Kar-nataka, including both rural and urban contexts within Bengaluru, Mysuru, Hubballi, Channapatna, Belgaum, and Udupi, and modifies features that female entrepre-neurs struggle with to grade up in market access, digital and financial literacy, and previous e-Commerce expe-rience. Participants received training, cataloging, GST registration, and operational support. Additionally, the initiative brought identified actors and governance into best positioning for ongoing sup-port to provide quality assurance. Given the right skills, tools, and resources, it en-ables women entrepreneurs to build business capacity, broaden market presence, and support sustainable eco-nomic growth. IN FOCUSBHUVANESHWARI A. APPOINTED MD & CEO OF SBICAP SECURITIES NASSCOM & ONDC LAUNCH PROGRAM FOR K'TAKA WOMEN ENTREPRENEURS
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