Banking and Financial Services
Overview
Indian Baking and Financial Sector, which seemed well capitalized and regulated to the experts, will realize huge growth and development in the transition of India to a Digital Economy. The demonetization scheme launched by the Government of India has provided Indian Banking and Financial Sector a strong up thrust. Indian Economy’s credit, market and liquidity risk studies states that Indian Banking is resilient and have withstood the global downturn well as compared to all the other leading nations of the world. The industry has recently witnessed the outburst of innovative models of banking like payments banks and small finance banks. RBI has taken some new measures to restructure and develop domestic banking industry which largely untapped. Public Sector banks in India controls over 80 % of the markets
Facts & Figures
- India is having 26 public sector banks, 25 private sector banks, 43 foreign banks, 56 regional bank, 1589 urban cooperative banks and 93,550 rural cooperative banks
- Mobile banking is changing the industry making India a digital economy
- Outstanding Credit by Indian Commercial Banks is 1.08 Trillion USD
- Mutual Funds industry has grown to 210 Billion USD
- General Insurance Industry has grows by 12% per year to GDP of India
- Life Insurance Sector in India is the biggest in world with 360 million active policies
- Life Insurance Sector is set to grow at CAGR of 12-15% in next five years
- India stands at 15th rank in the world in terms of premium volume
- Life Insurance penetration in India is just 3.9 % which has immense scope
- Digital Payment Industry in India will grow 10 times by 202o to reach 500 Billion USD
Qualite Approach
Indian Economy has a highly diversified financial sector, which is accelerating in expansion mode. It includes
- Commercial Banking
- Non-Banking Financial Companies
- Life Insurance
- General Insurance
- Co-operative Banks
- Pension funds
- Mutual funds
- Payments Banks
With a collective drive by private sector and Indian Government, India is no doubt moving towards World’s most flourishing capital markets. Having worked with leading banking and financial companies of India, Qualite has great experience in serving this sector. Experienced team from commerce and baking sector helps Qualite to provide perfect fit to the companies who are seeking quality recruitment for their key vacant positions.
Why Qualite?
- One of the growing recruiter in Banking and Finance Industry
- Worked for the leading banks and NBFCs
- Partnered with few banks as their HR Partner
- Formulated and delivered training programs
For more information related to Banking & Financial Recruitment, please write to [email protected]