The Management Development Institute (MDI Gurgaon) announced the establishment of the Centre for Financial Services in India, envisioned as a national knowledge hub for research, policy dialogue, and innovation in financial services. Operating under the aegis of the MDI Gurgaon Society, with strong representation from India’s top financial institutions, the Centre has a total corpus of ₹20 crore expected through donor contributions.
The Centre will focus on cutting-edge research in finance, economics, behavioural science, and regulation across domains such as banking, insurance, mutual funds, fintech, NBFCs, and wealth management. Its dual structure will serve both the Department of Financial Services and broader sectoral stakeholders, providing high-impact insights and facilitating industry-academia collaboration.
“This Centre is more than just an academic initiative — it is a platform for systemic transformation,” said Prof. Arvind Sahay. “MDI Gurgaon is committed to enabling financial innovation, evidence-based policy formulation, and inclusive growth through this bold new endeavour.”
Among its many goals, the Centre will also act as a national data repository and a launchpad for deliberation on pressing financial issues in India and beyond.
The announcement coincided with MDI’s annual convocation on March 29, 2025, making it a day to remember. This year, 689 students graduated across the programmes including PGDM, PGDM-Human Resource Management, PGDM-International Business, PGDM-Business Analytics, PGDM-Online, PGDM-Business Management, PGDM-Business Administration, Fellow Programme in Management and PGDM-Public Policy and Management. The event was graced by M. Nagaraju, I.A.S., Secretary, Department of Financial Services, Ministry of Finance, Government of India, who delivered the convocation address as Chief Guest, inspiring the audience with his call for ethical and visionary leadership.
