Dun & Bradstreet, the world’s leading provider of business information, knowledge, and insight, has been tracking the banking, financial services and insurance (BFSI) sector for the past eight years through its publication titled ‘India’s Leading BFSI Companies’. The ninth edition, in this series, ‘ India’s Leading BFSI Companies 2017 ’ highlights the contribution of key stakeholders of the BFSI sector across India and the growth of the sector. The publication profiles the leading players of the BFSI sector with an annual total income of ` 250 million and above in FY16. Accordingly, the publication profiles 303 companies – comprising 88 banks, 119 non-banking financial companies, 53 insurance companies (life and non-life), 24 asset management companies and 19 broking companies.
Following are some of the key highlights in this publication: • Credit growth of all scheduled commercial banks (SCBs) slowed down to 8.8% in FY16 from 9.7% in FY15. Similarly, the deposit growth rate of all SCBs decelerated to 8.1% in FY16 as compared to 10.7% in FY15 • The aggregate balance sheet of the NBFC sector increased by 15.5 % in FY16 on a y-o-y basis as compared to that of 15.7 % in March 2015 • In FY16, the total premium income of the Indian life insurance industry stood at ` 3,669.4 bn, registering a growth of 11.8% over the previous year • In FY16, the total direct premium underwritten by the non-life insurers in India stood at ` 963.8 bn as against ` 846.9 bn in FY15, registering a growth of 13.8% • In the mutual funds industry, the average assets under management (AAUM) crossed the ` 12 trillion mark at the end of FY16 The BFSI sector is witnessing a very positive environment on the back of government reforms and high level application of financial technology. The leading companies from the BFSI sector are expected to play a critical role in transforming the nation into a digital economy. Dun & Bradstreet will continue to keep track of various developments in this sector to make this publication a ready reference tool of the BFSI sector.
Naina R Acharya Deputy Leader - Operations Learning & Economic Insights Group Dun & Bradstreet India
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