Financial Services

India has a diversified financial sector undergoing rapid expansion, both in terms of strong growth of existing financial services firms and new entities entering the market. The sector comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds and other smaller financial entities.

Mergers and acquisition (M&A) activity in India rose 125 per cent year-on-year to US$ 32.5 billion. India’s life insurance sector is the biggest in the world with about 360 million policies, which are expected to increase at a Compounded Annual Growth Rate (CAGR) of 12-15 per cent over the next five years. India is today one of the most vibrant global economies, on the back of robust banking and insurance sectors. Our country is projected to become the fifth largest banking sector globally by 2020 which opens immense job opportunities.