India is today one of the most vibrant global economies, on the back of robust banking, finance and insurance sectors.
India has a diversified financial sector undergoing rapid expansion and growth. The BFSI sector comprises commercial banks, Financial and Non-banking Financial Companies, Stock Market, Mutual Fund and insurance companies and other smaller financial entities.
The financial sector in India is predominantly a banking sector with commercial banks accounting for more than 64 per cent of the total assets held by the financial system.
The MF industry’s Assets under Management (AUM) has grown from Rs 10.96 trillion (US$ 156.82 billion) in October 2014 to Rs 28.18 trillion (US$ 403.32 billion) in January 2020.
Another crucial component of India’s financial industry is the insurance industry. The insurance industry has been expanding at a fast pace.
Fast Track is working with leading market players in BFSI Industry in India and overseas and supporting them hiring right talent across all the functions and levels.