The Economic Times Best BFSI Brands Coffee Table Book 2019
Overview of the BFSI Industry
There’s a new kind of drive in the BFSI sector, leading to major Transformations in the sector. Strong Economic fundamentals, favourable regulatory climate, and transformational technologies are more readily accessible, powerful, and economical than ever before. Such transformations are bringing more transparency in financial transaction and are strengthening the efforts to offer the banking services to people in far flung areas. This would lead to creating positive business sentiments and enhancing consumer confidence to elevate the country’s economic growth. In this context, the in technology advancements is playing a vital role such as banking services through mobile and interest modes. Encouraged by the Prime Minister vision of Digital India, India’s digital payments system has evolved the most among 25 countries with India’s Immediate Payment Service (IMPS) being the only system at level 5 in the Faster Payments Innovation Index (FPII).
It is also a fact that Reserve Bank of India (RBI) has rolled out certain innovative banking models like payments and small finance banks. In order to intensify the competition, 10 small finance banks were set up in FY 2015-16 particularly in the hinterland of India with new products, technology, higher rates to woo depositors, and lower rates to sell loans. This initiative will help in bringing the unbanked population under banking gamut, thereby supporting and encouraging the financial inclusion agenda of the Government. These banks will be less dependent on cash and more on digital technology, enabling them to cover people from the hinterland areas deprived of banking services till now. These measures of RBI’s may go a long way in order to restructure the domestic banking industry.
The Economic Times Best BFSI Brands Initiative:
In such a dynamic scenario, the BFSI sector and large commercial banks are taking greater risks and exploring newer channels to infuse dynamism in their various areas of operations. The cost of funds fluctuates rapidly and there is increased competition from both inside and outside the traditional banking industry. With growing competitiveness in the banking industry, and similarity of services offered by banks, it has become increasingly important that banks identify the factors that determine the basis upon which customers choose between providers of financial services.
After the successful launch of the first 2 editions of the ET Best BFSI Brands coffee table books in the FY 17 & 18, we are proud to announce the launch of the 3rd edition of this prestigious book.
We at The Economic Times along with our research team have conducted an extensive survey and have shortlisted top brands under various segments of BFSI after considering the parameters of market capitalization, diversity of offerings, and Brand Recall. These brands would be felicitated and featured in the coffee table book whose cover will be launched during The Economic Times India UAE Conclave that is scheduled to take place on 15th October, 2019 in Abu Dhabi, UAE.
UAE hosts one of the largest Indian expatriate community in the world, comprising more than 3.3 million people. These economic migrants over the years have made a significant economic contribution to India in the form of remittances that amounted to $13.82 billion in 2017. As well as there are MOU’s signed between RBI and the Dubai Financial Services Authority (DFSA) in 2011, and between RBI and Central Bank, UAE in 2015 aimed at supervisory cooperation and exchange of information. Hence, this is a critical step to ensure confidence in each of our regulatory regimes as well as leading to Indian banks having significant, and growing presence in the UAE. Thus, Abu Dhabi, the capital of United Arab Emirates and of Emirate of Abu Dhabi, and the largest of the UAE’s seven emirates, makes it an ideal place to launch the 3rd edition of the ET Best BFSI Brands Coffee Table book.
Why the Coffee Table Book
It has been ET’s constant endeavor to highlight, acknowledge and celebrate the best brands across industries including BFSI, Education, Entrepreneurs, FMCG, Technology, Realty, Lifestyle and Luxury and much more under the umbrella of The Economic Times Best Brand Series. We now look to unveil the most comprehensive study of leading BFSI brand stories through the prestigious book “The Economic Times Best BFSI Brands Coffee Table Book 2019“. As a media house, we take pride in enlightening end consumers and partners about the best in the banking space through this comprehensive book. These are the brands which symbolize quality, status and trust and are recognized as reliable brands.
Who will be covered?
- Mutual Fund Companies and Consultants
- Share Trading Institutions
- Microfinance Companies
- Financial Institutions