India has the potential to become the 5th largest banking industry in the world by 2020 and third largest by 2025 (source KPMG-CII report).
India’s banking and financial sector is expanding rapidly. The Indian Banking industry is currently worth over US $ 1.3 trillion and banks are now adopting the latest technologies like internet and mobile devices to carry out transactions and reach out to the masses.
The Indian banking sector consists of 45 commercial banks and dozens of Foreign as well as rural and co-operative banks.
The growth in Indian Banking and the fight for talent remains intense and is expected to further intensify with Reserve Bank of India (RBI) issuing new bank licenses. In the near future, India would experience a rise in the number of banks & branches in the country, a shift in the style of operation, which would also be driven by adoption of internet & mobile technology in the industry.
Also the Indian economy is now on the threshold of a major transformation, with expectations of policy initiatives being implemented. Positive business sentiments, improved consumer confidence and more controlled inflation should help boost the economic growth. Higher spending on infrastructure, speedy implementation of projects and continuation of reforms will provide further impetus to growth. All this translates into a strong growth for the banking sector too, as rapidly growing business turn to banks for their credit needs, thus helping them grow.
Amrit Consultancy Consulting is among well known Banking Recruitment consultants in India.
We at Amrit Consultancy, strongly believe that we exist because of our clients and candidates. Our Banking Recruitment Consultants help our clients build exceptional organizations by addressing their recruitment requirements and in this process create value for our clients, candidates and employees.
Our Banking Recruitment consultants help our clients achieve substantial, positive, and sustainable impact in their performance. The practice serves a broad spectrum of clients in banking sector, including :
- Consumer & Retail Banking
- Wealth Management
- Corporate Banking
- Investment Banking
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