Banking Financial Services & Insurance

INDEX

1. Introduction

2. Analysis of the sector.

3. Two major players

Axis bank

SBI

Introduction

BFSI comprises commercial banks, insurance companies, non-banking financial companies,

cooperatives, pensions funds, mutual funds and other smaller financial entities.

•Banking may include core banking, retail, private, corporate, investment, cards and the like.

•Financial Services may include stock-broking, payment gateways, mutual funds etc.

•Insurance covers both life(Living) and non-life(Non Living).

Shown a strong growth of 21.3% in Dec 2015, highest till now.

The BFSI sector is largely impacted by macro-economic conditions.

Analysis OF Sector

(Banking Financial services & Insurance)

Banking Sector

Threats to new entrants

High competitive

rivalry

Substitute products

Bargaining power of suppliers

Bargaining power of customer

competition

Financial Services

LOW HIGHMEDIUM

Insurance sector

Banks Financial Services

Insurance

New customer acquisition services

Investment management Product Development

Back office transaction process management

Underwriting and claims payment

Corporate treasury functions

Consumer and commercial lending

Unit pricing and custody Claims Processing Support

Account servicing processes Underwriting & New Business

Marketing & Distribution

Listing and shareholding

Bombay stock exchange

National stock exchange

London Stock Exchange

Singapore Stock Exchange

Axis Bank is the 3rd largest of the private-sector banks in India offering a comprehensive

suite in BFSI sector. The bank has its head office in Mumbai. It has 2,959 branches,

12,743 ATMs, and nine international offices. The bank employs over 50,000 people and

had a market capitalization of 1.0583 trillion. It offers the entire spectrum of financial ₹services large and mid-size corporates, SME, and retail businesses.

Products offered

Consumer, private & corporate banking

Finance & insurance

Credit cards facility

Mortgage loans

Wealth & asset management

Private equity

Investment banking

Sanjiv Misra (Chairman)

Outsource

Hitachi Consulting Corporation is an American international management and technology consulting firm with headquarters in Dallas, Texas. It was founded in November 2000 as a subsidiary of the Japanese corporation Hitachi, and it currently employs approximately 6,500 people in the US, Japan, Brazil, China, India, Portugal, Singapore, Spain, the UK, Germany, and Vietnam.

Axis bank signs India's largest ATM outsourcing deal

Prizm Payment Services Pvt Ltd., one of India’s fast growing payment solutions provider.

Prizm Payments is acquired by Hitachi and a subsidiary of Hitachi.

Prizm Payments is a leading provider of payment services using ATMs and POS systems to

banks and financial institutions in India.

Firstsource Solutions Limited is a provider of

business process outsourcing services

headquartered in Mumbai, India. It is owned by RP-

Sanjiv Goenka Group. Firstsource provides

customized business process management to

customers in the banking and financial services,

customer services, telecom and media, and

healthcare sectors. International Business Machines Corporation is an

American multinational technology company

headquartered in Armonk, New York, United States,

with operations in over 170 countries. It was

Founded in 16 June 1911 by Charles Ranlett Flint.

Axis bank outsource its IT & MAINTAINCE to IBM.

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. 14,000 branches, including 191 foreign offices spread across 36 countries, making it the largest banking and financial services company in India.

OUTSOURCING AREAS

IT & Computerization

back-office processing

ATM Management

Paper management & documentations

Customer handling (call centre)

SBI outsourcing, It will pay around Rs60 lakh for the

computerization of a branch for around 10,000

branches across the country & managing complex

information technology (IT) systems in-house.

Presented by:-

Dipit Pawa (05)Jaymin Surti (06)Vrushank Shah (08)Pooja Singh (26)Prashant Mishra (27)