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BFSI Sectoral Report 2020

The BFSI sector has enjoyed rapid growth in the past few years with the demand of financial products and services increasing and a flood of new entrants in the market. Backed by government initiatives, advancement of Fintech ventures, and proliferation of NBFCs credit has been accessible to a myriad of small businesses. Insurance has also seen a surge in market penetration amongst India’s consumer base.

 

Upon surveying hundreds of Business and Talent leaders through primary survey and exhaustive conversations, we have prepared a comprehensive report to help you flourish in the constantly changing environment.

 

Download the Decoding Jobs Sectorial Dossier to learn more about the jobs and hiring landscape in the BFSI industry for 2020.

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Recovery and uptick in hiring

The BFSI industry has faced many challenges in the last few years. Not only did they face a stoppage of production during the pandemic, but the sector also experienced structural headwinds. However, the sector is seeing recovery and an uptick in hiring.

Sneak Peak of Decoding Jobs Sectorial Report

BFSI Sector’s hiring intent: 78% Positive

Did you know that it is estimated that about 15% to 20% of the Indian workforce in the BFSI sector would be deployed in new jobs that do not exist today?

top skills in demand

Rapid technological adoption, demographic changes and other growth drivers would result in the creation the need of an additional 1.6 million skilled jobs in BFSI.

  • Data Analyst & Scientist

  • Social Media Marketing

  • Compliance

  • Front-end Web Development

  • Soft Skills

  • Robotic Process Automation (RPA)

Leaders Speak

Mehraz Balaporia

Head – Talent Acquisition and Business Partnership

There are immense employment opportunities for home grown / local talent through Microfinance in Semi urban / Rural India. Amongst the lending sectors, the Microfinance business is one of the most profitable and human capital intensive sectors.

RBL Bank

Manoj Tibrewal

Group Head – Human Resources, Distribution, MarCom and Branding

The Banking Industry’s focus for the future will be business and organization acumen, re-skilling and focusing on internal mobility for wider exposure that will enhance performance of employees.

AU Small Finance Bank

Sriram V

Chief Human Resources Officer

$5 Trillion cannot come from the Services Industry alone. In the last few decades, India has not focused on Manufacturing.

BankBazaar.com

Key Contributors

Mehraz Balaporia

Head – Talent Acquisition and Business Partnership

Prashant Bhatnagar

Director – Human Resources

Sriram V

Chief Human Resources Officer

Vasudhara Srivastava

Senior Vice President – Global Human Resources

Related Resources

BFSI Sectoral Report 2020

BFSI Sectoral Report 2021