Banking & Insurance
The Banking Sector in India is seeing an upsurge in growth because of increased disposable income, mobile and internet banking, private sector investment, and Government policies and plans to integrate banking and financial services into rural areas. With the easing of regulation, several foreign players are also looking to partner with Indian banks and set up operations in India. India is expected to become one of the largest banking industries in the world by 2025.
With over 50 insurance companies in existence in the country, India is one of the largest insurance markets in the world. With over 36 crore policies, India has the largest life insurance sector in the world, and is expected to grow at 12 to 15 percent per annum.
With the infusion of FDI and other Government and RBI Initiatives to invest in the sector to make it more robust, the banking and insurance industry is expected to create at least 3 million job opportunities in the near future.
This is a great time to enter this industry and for existing players also to consolidate by getting people who have the skill sets to make a difference in this competitive industry. CorporateCare, with its team of financial sector experts and experience, is perfectly poised to fulfill all your HR and recruitment needs.