Banking, Finance, Securities and Insurance (BFSI)

The recent trends toward convergence and consolidation have redefined the entire consulting space. Today, India is among the leading M&A markets in Asia. The last decade has seen the financial services sector in India attain a degree of maturity, enabling many international players to enter it. Banking, with assets of US$ 273 billions and deposits of US$ 223 billions, remains the backbone of this sector. With the economy growing at 8.6%, the need for banking services is growing at 34%. The market’s growth is driven by new products and services that include opportunities in credit cards, consumer finance and wealth management on the retail side and in fee-based income and investment banking on the wholesale banking side.

The insurance market in India still remains highly unexplored. This leaves room for expansion in both revenue and Insurance jobs. The percentage of population that is still out of the insurance cover is approximately 80%. According to the KPMG Report, insurance outsourcing will absorb about 1 Lakh people by 2010. Insurance outsourcing is becoming a growing market in India. It is expected that the revenue earned from this sector will rise from 790 million dollars in 2007 to 2 billion dollars in 2010. The growth in the insurance outsourcing in India owes to the low cost advantage.

We understand that these require skilled resources in sales, marketing, credit and operations. With knowledge across diverse sectors such as banking, capital markets, asset management, insurance, investment banking, private equity, broking, strategic consulting and professional services this team services some of the best names in this space.