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Banking, Financial Services and Insurance (BFSI) sector is set to grow exponentially in India due to growing economy, expanding distribution and increasing customer awareness of the financial products. It is believed that launch of digital products/ services, robotics, automation and mobile technologies will continue to drive growth, innovation and optimization in the sector. The Industry has been witnessing bold reforms which makes it a top priority focus industry for India’s economic development and inclusive growth.
Given the fundamental shift in the geography of world economies, India is set to become the 3rd largest domestic Banking sector by 2050. Consolidation as well as emergence of new banks and other financial institutions is happening at a much faster rate. Retail, corporate, transaction or investment banking, capital market, NBFCs, insurance or wealth management firms are all going digital and seeing modernization of operations and new engagement models. According to an EY report, by 2022, 15-20% of Indian workforce in the BFSI sector would be deployed in new jobs that do not exist today.
All of the above is leading to creation of new jobs. Verchi business solutions Team has been a significant partner to leading institutions and Indian Business Houses in the BFSI sector in their journey of transformation by assisting in decision-making through Talent Advisory and finding niche talent for business-critical roles.
Verchi business solutions System‘s consultative approach and the ability to bring in a synergy between skills, competency and cultural fit is helping companies build their leadership in the BFSI industry.