India's Leading BFSI Companies 2016

India's Leading BFSI Companies 2016


 

Dun and Bradstreet India is pleased to announce the launch of the eighth edition in the series of the publication on the Indian banking, financial services, and insurance (BFSI) sector ‘India’s Leading BFSI Companies 2016’. The publication features 310 leading companies in the BFSI industry across various segments namely banks, insurance, NBFCs, broking and mutual funds.

The 7.4% growth in GVA (gross value added), during Q2 FY16, supplemented by heightened industrial activity and pick up in investment demand helped India to overtake China’s growth rate. India’s growth prospects were further elevated with foreign direct investment (FDI) related reforms touching upon 15 major sectors of the economy.

 

The BFSI sector is largely impacted by macro-economic conditions which as a consequence showed positive movement during the year. The first three quarters of FY16 witnessed assets under management (AUM) reaching almost 13 trillion, showcasing a strong growth of 21.3% in Dec 2015 as compared to Dec-14. This was the fastest growth registered by the industry, after a four year slowdown period that started in FY09 and dented the AUM growth momentum till FY12. The government’s Pradhan Mantri Jan Dhan Yojana to ensure access to various financial services, need based credit, insurance and pension facility for every household resulted in opening of 208.7 million bank accounts (as on Feb 15, 2016).

The government and regulators are also taking positive steps to strengthen the sector. The Reserve Bank of India has granted in-principle approval to 11 applicants to set up payment banks in India and 10 applicants to set up small banks in India. Moreover, the Government of India’s launch of the ‘Digital India’ program is also expected to offer enormous benefits to the Indian financial sector.

The progress of the financial sector is crucial to India’s economic growth. The publication ‘India’s Leading BFSI Companies 2016’ showcases the performance of India’s leading BFSI sector companies. Further, given Dun & Bradstreet’s extensive market reach and global footprint, companies featuring in this publication would benefit from the attention of global leaders in the financial markets.

We hope you enjoy reading the publication, ‘India’s Leading BFSI Companies 2016’ and aspire to continue to provide you with well-researched and reliable information on the BFSI industry in the future. We look forward to receiving your valuable feedback and suggestions.


Pawan Bindal
Director
Dun & Bradstreet India