“Financial Companies provide essential services like credit, loan, advisory services, etc. There are many BFSI companies in India. Check the article for more.”
BFSI Companies 2024: The banking and finance companies in India provide various banking services like credit, deposits, small and big loans, investment advisory, and many other facilities. The BFSI companies are regulated by the Reserve Bank of India, which ensures risk management, best advisory, planning, etc., for the best interest of consumers.
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BFSI Companies in India
The world’s reliance on advanced technologies is increasing day by day. The demand for the banking, finance, and insurance sectors has increased more than ever. In today’s competitive time, with recession and corporate companies implementing mass layoffs, BFSI companies are keeping their hopes high.
The BFSI companies are providing opportunities and career growth to both freshers and working people. The eligibility criteria for these companies are very flexible. Now, let us have a look at some of the top BFSI companies listed below.
Top 10 BFSI Companies in India
There are many BFSI companies in India. They are responsible for providing various banking services, financial services and insurance coverage to the citizens of the country. Now let us check the BFSI companies listed below.
1. Bajaj Finance Limited
The Bajaj Finance Limited company is a well known financial organization in India that was established in 2007. It provides various financial services and products, such as small and medium enterprises loans, consumer finance, commercial lending, etc. It is well known for a variety of loans: personal loans, home loans, and two wheeler loans, etc.
| BFSI Companies: Bajaj Finance Pvt. Limited |
| Established: 2007 Services:
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2. Morgan Stanely
Morgan Stanley was established in 1935. It is a global financial firm which provides a wide range of services.
| BFSI Companies: Morgan Stanely |
| Established: 1935 Services:
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The company has various offices across the country and a large network of agents, promoting its plans to a larger population. It is a private banking company.
3. Yes Bank
Yes Bank is an Indian private-sector bank. The bank was established in November 2003. The headquarters of Yes Bank are located in Maharashtra. Rana Kapoor and Ashok Kapur founded it.
| BFSI Companies: Yes Bank |
| Established: 2003 Services:
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It provides a wide range of banking and financial services like corporate banking, investment banking, international banking, retail banking, etc. It also provides various types of accounts and online digital banking facilities to its users.
4. Tata Capital Financial Services Ltd
It is one of the largest industrial groups in India and is owned by Tata Group. It provides a wide range of financial services, such as consumer loans, wealth management, business loans, business advisory services, etc. It also provides personal loans, home loans, and auto loans. Tata Capital Financial Services provides online facilities to enhance the consumer experience.
| BFSI Companies: Tata Capital Financial Services Ltd. |
| Established: 2010 Services:
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5. Goldman Sachs
Golman Sachs is a foreign financial company which has its headquarters in New York, USA. The company was established in the year 1869. In India, its location is in Bengaluru, Karnataka. Sachs provides various banking and financial services like investment advisory, financial services, asset management, etc.
| BFSI Companies: Goldman Sachs |
| Established: 1869 Location: C. S. Vaidyanatahan Road, Srinivasa Nagar, New HAL 2nd Stage, Kodihalli, Bengaluru, Karnataka, 560008 Services:
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6. JPMorgan Chase & Co.
JPMorgan is also a USA based Foreign Financial institution that ranks among the top in providing various essential banking and financial services across the world. It was officially established in the year 2000. In India it is located in Maharashtra. The company provides various services such as banking, asset management, investment advisory, etc.
| BFSI Companies: JPMorgan Chase & Co. |
| Established: 2000 Location: JPMorgan tower, off C.S.T Road, Kalina, Santacruz East, Mumbai, Maharashtra 400098 Services:
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7. HDFC Bank
HDFC Bank stands for Housing Development Finance Corporation Limited. It is a private sector bank and was established in the year 1994 as a leading finance company in India. It provides various banking and financial services such as retail banking, wholesale banking, advisory, investment, etc.
| BFSI Companies: HDFC Bank |
| Established: 1994 Location: HDFC Bank Ltd, 1st floor, C.S.No 6/242, Senapati Bapat Marg, Lower Parel, Mumbai 400013 Services:
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It provides various accounts, such as savings accounts, current accounts, fixed accounts, loan accounts, credit cards, debit cards, and other services. It also provides online digital banking services for the convenience of their consumers.
8. ICICI Bank
The ICICI bank stands for Industrial Credit and Investment Corporation of India. It is one of the leading private sector banks in India. It provides many important facilities to its consumers, such as retail banking, corporate banking, investment banking, international banking, loans, credits, etc. It also provides various products such as savings accounts, credit cards, current accounts, loans, fixed accounts, etc.
| BFSI Companies: ICICI Bank |
| Established: 1994 Services:
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The bank has extensive networks in India, with ATMs and branches all over the country.
9. Axis Bank
The Axis Bank is also a private sector bank widely known in India. Its name was UTI bank (till 2007) and is now known as Axis Bank. This bank also provides various banking and financial services to its users. It also incorporates digital banking and many products, such as savings accounts, etc.
| BFSI Companies: Axis Bank |
| Established: 1993 Services:
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10. Muthoot Finance Ltd
Muthoot Finance is a well known financial institution in India. It was founded in 1888 and offers a range of services like money transfers, asset management, foreign exchanges, tourist services, loans, travel services, etc.
| BFSI Companies: Muthoot Finance Limited |
| Established: 1888 Services:
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Public Sector Bfsi Companies in India
Here are some of the most famous Public Sector banks in India. Find the list in the table.
| Public Sector Banks In India |
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Private Sector Bfsi Companies in India
Find the list of Private sector banks in the table given below.
| Private Sector Banks in India |
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BFSI Companies Lists FAQs
What is the full form of BFSI?
The BFSI stands for Banking, Financial Services and Insurance companies.
Why are the BFSI sectors in India expected to grow?
The BFSI sector consists of various banking and financial services that are expected to grow in coming years, such as banking services, financial advisory services, and insurance coverage. These services and products are always in demand and hence provide various opportunities to freshers and experienced candidates.
What are some of the best financial firms in India?
Some of the best financial firms in India are Bajaj Finance Limited, Tata Capital Financial services, Muthoot Finance, Aditya Birla Finance, Goldman Sachs, JPMorgan, etc. Find more in the article above.
What are the top public sector banks in India?
Some of the top public sector banks in India are SBI (State Bank of India), PNB (Punjab National Bank), Bank of Baroda (BOB), etc.
What are some of the major private sector banks in India?
Some major private sector banks are HDFC bank, ICICI Bank, Axis bank, etc. Find more in the article above.
