(3 years Degree course)

India is country of villages  according to census 2011 there are having more than 6.40  lacs Indian lives in villages, also there are more than 53 big cities , tier 2 & tier 3 towns . India has a diversified financial sector undergoing rapid expansion, both in terms of strong growth of existing financial services firms and new entities entering the market. The sector comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds and other smaller financial entities.

The banking regulator has allowed new entities such as payments banks to be created recently thereby adding to the types of entities operating in the sector. However, 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 Government of India has introduced several reforms to liberalise, regulate and enhance this industry. Emerging business & need of insurance for Micro, Small and Medium Enterprises (MSMEs). Micro Units Development and Refinance Agency (MUDRA). The Mutual Fund (MF) industry in India has seen rapid growth in Assets Under Management (AUM). Total AUM of the industry stood at Rs 24.03 trillion (US$ 342.01 billion) between April-November 2018. At the same time the number of Mutual fund (MF) equity portfolios reached a high of 74.6 million as of June 2018.

Another crucial component of India’s financial industry is the insurance industry. The insurance industry has been expanding at a fast pace. The total first year premium of life insurance companies reached Rs 193,866.23 crore (US$ 30.10 billion) during FY18.

Move Ahead

India is today one of the most vibrant global economies, on the back of robust banking and insurance sectors. The relaxation of foreign investment rules has received a positive response from the insurance sector, with many companies announcing plans to increase their stakes in joint ventures with Indian companies. Over the coming quarters there could be a series of joint venture deals between global insurance giants and local players.

Banking Sector in India

Increase in working population and growing disposable income is increasing the demand of banking & related services  , rural development is also based on pace of banking in rural areas. Increasing ATM, Mobile & Internet banking  along with various extension of financial service etc.

Financial Services in India

Rising incomes are driving the demand for financial services across income levels as High , Middle & Low income levels. To extend & expand the benefits from a large cross utilization of channels  to increase reach of financial services nation need of professional who are skilled in technology & conceptually .Because in same support GoI approved new banks licenses and increased the limit of FDI (Foreign direct investment) in insurance sector to boost up industry & creation of new jobs.(Assets , health, life .disability and vehicle insurance etc.)

Further growth areas

India’s gross domestic product (GDP) is expected to reach US$ 6 trillion by FY 2027 and achieve upper-middle income status on the back of digitization, globalization, favorable demographics, and other economic reforms. India is expected to be the third largest consumer economy as its consumption may triple to US$ 4 trillion by 2025.

Career Prospects & Job Opportunities


The banks in India can be categorized as following.

Commercial Banks: The major role of the commercial banks is to enable businesses and entrepreneurs with the financial services. Commercial banks are further categorized into the following.

  • Private Sector Banks ,Public Sector Banks, Regional Banks

Co-operative Banks: Co-operative banks mostly benefit the rural people like farmers, small scale industries etc. These are controlled and managed by the co-operative societies. These can be further categorized into  ,

  • State co-operative Banks , Central co-operative Banks , Primary Agriculture Credit societies

Investment Banks and specialized banks: These provide financial assistance to its customers and provide necessary support like foreign exchange, sales of equities, foreign trading etc. to its customers.

Skills required for a Banking career


  1. Customer Dealing
  2. People with patience
  3. People good with numbers and accounting
  4. Good Analytical Skills
  5. Investment Banker



Job Profile Banking , Finance & Insurance



  1. Corporate Finance
  2. Investment Banking
  3. Commercial Banking
  4. Project Finance
  5. Financial Analyst
  6. Venture Capital Analyst
  7. Chief Financial Officer
  8. Portfolio Manager
  9. Risk Management & Analyst
  10. Equity Research
  11. Insurance Investigators. Insurance fraud is a huge problem
  12. Insurance Claim Adjusters
  13. Actuaries
  14. Underwriters
  15. Loss Control Agents
  16. Insurance Agent or Broker