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India's economic progress, which is largely dependent on the Financial Sector, is not only a key factor of stability in the global economy, but also a source of immense economic opportunity for the world. The far-reaching changes in the Indian economy since liberalization in the early 1990s have had a deep impact on the Indian financial sector. India’s financial sector has been one of the fastest growing sectors in the economy.

India's economic progress, which is largely dependent on the Financial Sector, is not only a key factor of stability in the global economy, but also a source of immense economic opportunity for the world. The far-reaching changes in the Indian economy since liberalization in the early 1990s have had a deep impact on the Indian financial sector. India’s financial sector has been one of the fastest growing sectors in the economy. The economy has witnessed increased private sector activity including an explosion of foreign banks, insurance companies, mutual funds, venture capital and investment institutions. The various steps taken by the government and the regulators since liberalization to meet the challenges of a complex financial architecture have ensured that a new face of the Indian financial sector is emerging to culminate into a strong, transparent and resilient system.

Several new instruments and products have been introduced. Existing sectors have been opened to new private players. The entry of new players has led to existing players upgrading their product offerings and distribution channels. Financial intermediaries too have gradually moved to internationally acceptable norms for income recognition, asset classification, provisioning and capital adequacy. This has given a strong impetus to the development and modernization of the financial sector. Going forward the aim would be to achieve international standards in this area within the shortest possible time frame. With this firm resolve, FICCI’s Financial Sector aims to facilitate a comprehensive forum for dialogue between India Inc. and policy makers thereby aiming to provide necessary directions to all stake holders and business processes.

Team Leader

Anshuman Khanna

Assistant Secretary General
Banking & Financial Institutions
Capital Markets
Fintech
Health Insurance
Insurance & Pensions
NBFC
Private Equity & Venture Capital

Timeline

2023
Dec
Press Release

Indian Industry will soon have clear guidelines for compliance with SEBI Regulations: K V Kamath, Chairman, Industry Standards Forum

Nov
Press Release

India has become the benchmark for global best practices: Madhabi Puri Buch, Chairperson, SEBI

Oct
Press Release

GDP growth estimated at 6.3 per cent for 2023-24: FICCI Economic Outlook Survey

Press Release

Credit growth continues to rise signalling robust demand in Indian economy: FICCI-IBA Bankers’ Survey

Feb
Press Release

FICCI forms Task Force on Financial Sector Regulations

2020
Jun
Press Release

Govt & industry together can take FinTech 2.0 to the next level: K Rajaraman

Study

Redefining the FinTech experience: Impact of COVID-19

2019
Nov
Event

India Pavilion at 'Singapore Fintech Festival'

Events

Nov, 2019

India Pavilion at 'Singapore Fintech Festival'

Nov 11 - Nov 15, 2019 Singapore

Indian Industry will soon have clear guidelines for compliance with SEBI Regulations: K V Kamath, Chairman, Industry Standards Forum

Detail Page

India has become the benchmark for global best practices: Madhabi Puri Buch, Chairperson, SEBI

Detail Page

GDP growth estimated at 6.3 per cent for 2023-24: FICCI Economic Outlook Survey

Detail Page

Credit growth continues to rise signalling robust demand in Indian economy: FICCI-IBA Bankers’ Survey

Detail Page

FICCI forms Task Force on Financial Sector Regulations

Detail Page

Govt & industry together can take FinTech 2.0 to the next level: K Rajaraman

Detail Page