PGPBF (Post Graduate Program In Banking & Finance)August 23, 2021 2021-08-23 13:20
PGPBF (Post Graduate Program In Banking & Finance)
India has a diversified financial sector, which is undergoing rapid expansion. The sector comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds and other smaller financial entities. The financial sector in India is predominantly a banking sector with commercial banks accounting for more than 60 per cent of the total assets held by the financial system India is today one of the most vibrant global economies, on the back of robust banking and insurance sectors. The country is projected to become the fifth largest banking sector globally by 2020, as per a joint report by KPMG-CII.
According to a recent report published by the National Skill Development Corporation (NSDC), about 14 lakh people are likely to be employed in the banking industry by 2022. With a renewed focus on as financial inclusional and new banks on the anvil, the talent need for the sector will be higher than ever With the rising use of technology in banking services, recruiters are looking at different set of skills that would help them scale their business keeping the cost low. Banking professionals are expected to possess these skills apart from the specific functional competencies.