Financial Services

The financial services sector includes broking firms, investment services, national banks, private banks, mutual funds, car and home loans, and equity market.

The banking industry in India is expected to grow by 20 per cent a year, with return on equity being more than 18 per cent, according to a survey by consulting firm, McKinsey, done for the Indian Banks' Association. The growth in the sector is specifically being driven by rising aspirations of corporate India , strong regulatory thrust, technological breakthrough, innovations, rising productivities and economies of scale. The sector carries a value creation opportunity of almost Rs 2.5 lakh crore (US$ 56.38 billion) in incremental revenue by 2015.

Banking

The Indian banking sector comprises 26 state sector banks, besides a number of private as well as co-operative sector players. The banking sector in India has made significant progress in the last five years – the growth is well reflected through parameters including profitability, annual credit growth, and decline in non-performing assets (NPAs).

Representative Searches

• India Second largest Bank: DGM - Capital Markets
• Leading Foreign Bank: VP Corporate Banking
• Leading Foreign Bank: VP Payment & Cash Management
• Leading Investment Banking-Services Operation: VP Strategy (Wholesale Banking)