Top 10 Leaders in BFSI - 2021

Presently, the Indian banking system has 12 public sector banks. The sector includes 22 private banks and 46 foreign banks, 56 regional rural banks, 1485 urban cooperative banks, and 96,000 rural cooperative banks. Additionally, the sector of banking has cooperative credit institutions to its administration. In the previous year's last quarter, the summative of ATMs in the country increased to 209,110, and furthermore, it is expected to reach 407,000 by 2021. The Reserve Bank of India (RBI) has been conserving the Indian banking sector for decades and under the authority, it is functioning well and contributing to the country's financial development. With the recent initiatives, the financial and economic condition on the country's premise is strengthening compared to other parts of the world. The data from the credit, market and liquidity risk studies comprehend that the Indian banks are in general resilient and fought the economic depressions well. Now, the Indian banking industry has been rolling out banking models like payments and small finance banks and RBI's new measures might help in restoring the expansion of the domestic banks. The insurance sector is facilitated with the growth of finance and in the last decade, the premium from emerging businesses of life insurance companies in India increased at 15 percent CAGR and reached INR 2.13 (US$ 37 billion) in FY20. The leaders in the Banking Financial Services and Insurance are proactively notifying the growth through their exclusive strategies and thoughtful calculations. In this edition of the CEO Insights magazine, a list of `Top 10 Leaders in BFSI - 2021' is presented to the readers to deliver the development by the leaders and their respective journeys. The listing is prepared by a team of industry veterans, CEOs and VCs, and the CEO Insights editorial board.