Over the past few decades, India's banking and financial services sector has experienced significant growth, evolving into a vital component of the country's economy. Key developments include the liberalization policies of the 1990s, which opened doors for private and foreign players, enhancing competition and efficiency. The adoption of digital technologies has seen a surge in mobile banking, online transactions, and fintech innovations, further democratizing access to financial services.
Recent milestones include the implementation of the Goods and Services Tax (GST) and the continued push towards financial inclusion, notably through the Pradhan Mantri Jan Dhan Yojana, massively expanding the banking network and contributing to a more financially inclusive India.
Global BFSI Market Size Growth from 2023 to 2030 (in USD) |
||||
|---|---|---|---|---|
| Year | 2023 | 2030 | CAGR | |
| Worldwide BFSI growth | 13.4 billion | 45.8 billion | 19.2% | |
What We Do
Our team of recruiters in BPO recruitment services understand the needs of diverse and large workforces and we can help you with your recruitment needs. Not just this, but the ITES landscape is also constantly evolving and with the growth of technologies like AI, people are looking for candidates with knowledge of these emerging technologies.
Flexible and remote work styles have also grown in popularity and many people do not want to work a regular, full-time 9 to 5 job. This means that recruitment companies need to be cognizant of this too, when they are acquiring talent for ITES companies. Companies need to be up to date on the current trends and hire accordingly to ensure that they get the right talent before the competition does.
Our Services
Recruitment Services
We provide end-to-end recruitment solutions or specific recruitment-related tasks, helping you source, hire and onboard top talent efficiently. Whether you are hiring freshers or experienced candidates.
Contract Staffing Services
Our staffing services address workforce shortages and reduce the risk of hiring the wrong candidates. We focus on the right staffing solutions within agreed timelines to meet your business needs.
Training & Upskilling
Invest in the future of your workforce by offering tailored training and upskilling programs. Reduce hiring costs, enhance employee retention and build a more skilled, productive and satisfied workforce.
Looking For A Trusted Talent Sourcing Partner?
Acquire and manage talent with our full service talent sourcing, training and consulting, solutions tailormade for your unique industry requirements.
Top Government Initiatives
1
Pradhan Mantri Jan Dhan Yojana
Launched in 2014, this ambitious financial inclusion campaign has been a game-changer. It aims to provide accessible and affordable banking services to the unbanked population. With over 400 million bank accounts opened under this scheme, PMJDY has significantly reduced the unbanked population, facilitating the direct transfer of government benefits and promoting savings and financial literacy among the poorer sections of society.
2
Digital India Campaign
This broader initiative has had a profound impact on the BFSI sector by encouraging digital transactions and fostering fintech innovations. UPI (Unified Payments Interface) transactions, for instance, have seen exponential growth, reducing dependency on cash and making banking services more accessible to the masses.
3
Goods and Services Tax (GST)
This landmark legislation has transformed the credit culture in India by streamlining the insolvency process. It has had a significant impact on the banking sector by improving the recovery rates of bad loans and thereby enhancing the financial health of banks.
4
Insolvency and Bankruptcy Code (IBC) 2016
This landmark legislation has transformed the credit culture in India by streamlining the insolvency process. It has had a significant impact on the banking sector by improving the recovery rates of bad loans and thereby enhancing the financial health of banks.
5
RBI's Regulatory Sandbox
The Reserve Bank of India introduced a 'regulatory sandbox' environment to promote innovation in fintech that could improve the efficiency and outreach of financial services. This initiative allows startups and other innovators to test their products in a controlled space, potentially leading to more agile regulatory practices and fostering innovation.
Our Value Proposition
1
2
3
4
Partner With Donsuk
Whether you need to hire experienced professionals or trained freshers, whether you want contractual staff or permanent staff, our consultant can help you with all your manpower requirements.
Just submit the form below and we will get back to you with all the details.