PHONE NUMBER :
+91 9769555657
EMAIL ADDRESS :
chief@bfsibharat.com
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Date: 3 - 4 February 2026
Venue: Bombay Exhibition Center,
Nesco Complex,
Goregaon East, Mumbai
India’s Financial Sector is Entering Its Strongest Decade of Global Expansion & Digital Leadership: India is now universally acknowledged as one of the fastest-growing and most resilient financial ecosystems in the world - powered by reforms, digital infrastructure, capital inclusion, and technology-led acceleration. By 2026, India is projected to be the third-largest economy globally, driven strongly by the BFSI sector - which today contributes significantly to GDP growth, investment flows, job creation, innovation and financial empowerment across the nation.
India has always had a robust and thriving banking sector, which the
government with its 4R approach (recognition, recapitalization,
resolution & reform) has made better. In the insurance segment, life
insurance penetration in India is just 3.2%, while non-life
insurance penetration is at 1% which presents the potential for
growth. Hence, the presence of global players, not just in the
insurance and FinTech segments, but the BFSI sector as a whole.
Foreign Direct Investment (FDI) has been increased from 74% to 100%
in most cases.
Indian stock market Sensex reached a high of 82,381 on September 16,
2025. In FY26 (April-June 2025), a total of 15 IPO were launched
raising Rs. 29,652 crore - US $ 3.37 billion. In FY25, the number of
listed companies on the NSE and BSE were 2,629, and 5,595
respectively. The private wealth management segment holds immense
potential, with India expected to have 16.57 lakh High Net-Worth
Individuals (HNWIs) by 2027, positioning the country as the
fourth-largest private wealth market globally by 2028. As of June
2025, India has 8.56 lakh HNWIs. It is expected to have 9.37 lakh
HNWIs by CY28. In July 2025, a Knight Frank wealth report projected
a 58.4% rise in India’s UHNWI population by 2028, noting that the
country currently enjoys 6% YoY UHNWI growth and is home to
approximately 13,600 U-HNWIs.
In value terms, UPI processed Rs. 24,85,000 crore - US $ 281 billion
during August 2025, maintaining strong momentum compared to Rs.
25,08,000 crore - US$ 284 billion in July. On a YoY basis, UPI
transactions rose 34% in volume and 21% in value, underscoring its
role as the primary mode of digital payments in India. India's
foreign exchange reserves rose to US $ 698.27 billion on September
5, 2025, up from US $ 694.23 billion the previous week, primarily
driven by a by a sharp rise in gold reserve. As of FY25, India’s
retail credit stood at Rs. 82,00,000 - US $ 937 billion, registering
a Compound Annual Growth Rate (CAGR) of 15.1% between FY19 and FY25.
In FY25 alone, the sector grew by 14%, fuelled by robust demand in
key segments such as housing finance, auto loans, credit cards, and
personal loans.
According to FICCI - NBFCs play a crucial role in credit
disbursement by financing people uncovered by the banks - SSIs,
MSMEs, start-ups, corporate, housing, entrepreneurs, infrastructure
and cottage sectors. NBFCs provide collateral/non-colateral based
loans and their reach has spread to far flung areas. It serves as an
important channel in the financial inclusion of masses and small
businesses by playing a crucial role in bridging the market gap for
credit. With the onset of digital era, a new breed of NBFCs have
emerged in the market which are adopting disruptive technologies to
assess risk, connect with customers, and innovate processes to
streamline their operations and customer experience.
The Indian banking industry comprises public banks which account for about 60 % of the total banking assets, besides a large number of other private banks in operation. There are also many Small Finance Banks, Digital Banks, Payment Banks, Cooperative Banks, Regional Rural Banks, and Local Area Banks, supported by a robust digital ecosystem, and which together are the cornerstone of India's economic growth. The country has several public sector (27), private sector (21), foreign (49), regional rural (56) and urban/rural cooperative (95,000+) banks.
There has been a massive surge in digital payments, with UPI & digital innovation dominating transactions. By 2024, 100% of new bank account openings in rural India were digital, and it is projected that digital payments will reach 65% of total payments by 2026.
Overall credit growth for Scheduled Commercial Banks (SCBs) reached 8.9% year-on-year in Q1 FY26. Public sector banks saw faster growth than private banks, focusing on priority sector lending.
The Gross Non-Performing Assets (GNPA) of SCBs fell to a 12-year low of 2.8% in March 2024.
Interest income for public sector banks reached US $ 128.1 billion in 2024, while private sector banks reached US $ 95.7 billion.
India's FinTech industry is estimated to be at well over Rs. 12,99,450 crore - US $ 155.67 billion by 2025 and an estimated total addressable market of US $ 2.1 trillion by 2030. India has the third largest FinTech ecosystem globally and is one of the fastest-growing FinTech markets of the world. There are currently more than 2,000 DPIIT-recognized Financial Technology businesses, and this number is rapidly increasing. This expansion is driven by supportive government policies, a robust digital public infrastructure, and a surge in consumer adoption of digital services, placing India third globally in terms of FinTech start-ups. Digital lending is expected to be a primary growth driver, potentially accounting for over 60% of the FinTech revenue pie by 2030. One of the paramount advantages of FinTech is its capacity to offer a centralized view of all financial data within an Enterprise Resource Planning (ERP) accounting system.
Dominated by the Unified Payments Interface (UPI), which reached 18.39 billion transactions in June 2025. The government's Zero-MDR policy for UPI has led payment firms to seek new monetization models like cross-selling and software subscriptions.
Platforms using artificial intelligence (AI) and data analytics are growing rapidly. The Account Aggregator framework is expected to boost data-driven credit underwriting, providing credit to underserved segments like MSMEs.
Digital-only financial service platforms operate in partnership with regulated banks. This segment is projected to grow significantly, serving millions of users by 2025 with zero-branch, AI-powered services.
These segments leverage AI and analytics to offer tailored insurance and investment products, such as robo-advisors and micro-investment tools.
Financial services like payments and credit are seamlessly integrated into non-financial platforms, such as e-commerce and ride-hailing apps, simplifying user experience.
These technologies are crucial for cyber security, fraud detection, personalized financial advice, and automated credit scoring.
India's extensive digital public infrastructure (DPI), including the UPI, Aadhaar, and Jan Dhan accounts, provides a scalable platform to offer financial services to millions of unbanked and under-banked citizens.
There are significant growth opportunities in Tier II and III cities and among MSMEs, which have a substantial credit gap. FinTech can address this through digital lending and embedded finance solutions.
India is actively expanding UPI's reach to global markets, including the UAE, Singapore, and France, with potential integration into the BRICS payment system. This opens up new opportunities for cross-border payments and remittances.
Collaboration between nimble FinTech start-ups and established traditional banks is creating a symbiotic ecosystem. FinTechs offer technological agility, while banks provide regulated balance sheets and customer trust.
According to KPMG - India’s FinTech sector is transitioning from hypergrowth to purposeful resilience. The next wave of capital deployment will be more selective, focused on sustainable business models, governance maturity, and measurable impact. Innovation will remain a key differentiator, but execution, compliance, and investor alignment will define success. The journey ahead demands more than isolated innovation - it calls for integrated value propositions that transcend silos. Embedded finance, AI-powered solutions, and governance maturity are now central to the next wave of FinTech evolution.
The Indian mutual fund industry has experienced significant growth,
with Assets Under Management (AUM) reaching a record ₹ 75.61 lakh
crore in September 2025, driven by strong investor confidence and
inflows into equity and fixed income funds. This reflects a 12.7 %
year-on-year growth. A key trend is the surge in Systematic Investment
Plan (SIP) flows, which hit a record ₹ 29,361 crore monthly in
September 2025, alongside a broadening investor base and increasing
preference for direct plans. Digital platforms have enhanced
accessibility, especially in smaller towns, and regulatory oversight
from bodies like AMFI and SEBI ensures market stability and investor
protection.
The total number of accounts (or folios as per mutual fund parlance)
as on September 30, 2025 stood at 25.19 crore - 251.9 million, while
the number of folios under Equity, Hybrid and Solution Oriented
Schemes, wherein the maximum investment is from retail segment stood
at about 19.81 crore - 198.1 million. Sectoral thematic, multi-cap,
and mid-cap equity funds saw the highest gross and net sales over the
past 12 months. Hybrid funds, arbitrage funds, gold ETFs, and overseas
fund-of-funds continued to attract significant inflows, pointing to
diversification trends among investors. The mutual fund industry is
targeting a nearly five-fold jump in assets under management (AUM) to
Rs. 95,00,000 crore (US$ 1.15 trillion), along with a tripling of
investor accounts to 130 million by 2025
As of September 2025, the total AUM reached a record ₹ 75.61 lakh crore, a 12.7% year-on-year growth.
Equity funds continue to dominate, accounting for approximately 61% of the total AUM. Fixed income funds have also seen significant growth.
Monthly SIP flows reached a new high of ₹29,361 crore, indicating rising investor commitment.
The number of unique accounts grew by 13.8% year-on-year to 5.7 crore in September 2025.
Direct plans now represent 48% of total AUM, showing investors are increasingly comfortable managing their investments digitally without intermediaries.
A recent survey conducted by the international market research company Kantar and commissioned by SEBI, AMFI, NSE, BSE, NSDL and CSDL shows the awareness about MFs/ETFs are higher compared to other security market products like stocks, F&Os, REITs, InvITs, corporate bonds and AIFs - 53% of the households, more than stocks/shares, which are known to 49% of participants.
India’s insurance industry is one of the fastest-growing sectors,
driven by rising incomes, financial awareness, and supportive
regulations. It ranks as the fifth largest life insurance market
among emerging economies, growing 32-34% annually. Over the past
nine years (up to March 2024), the sector has attracted nearly US $
6.5 billion - Rs. 54,000 crore in FDI, supported by progressive
policies. The industry comprises 57 companies (24 life insurers and
34 non-life insurers) with LIC as the sole public life insurer and
six public sector non-life insurers. GIC Re is the only national
reinsurer.
Distribution channels include corporate and individual agents,
brokers, surveyors, and third-party administrators, with digital
adoption expanding rapidly. The scope of IoT in Indian insurance
market continues to go beyond telematics and customer risk
assessment. Currently, there are 110+ InsurTech start-ups operating
in India. Insurance sector is projected to reach US $ 250 billion by
2025. This opens an additional life insurance premium opportunity of
US $ 78 billion between 2020 and 2030.
In life insurance business, India is ranked tenth in the world. In
non-life insurance business, India is ranked 15 in the world. The
total insurance penetration in India stood at approximately 4.2% of
its GDP in 2023, with life insurance accounting for 3% and general
insurance making up the remaining 1.0%. With a compound annual
growth rate of about 14% over the past five years, the sector's
expansion is propelled by increasing consumer financial literacy,
innovative product offerings, and supportive government policies. In
addition to domestic markets, India has emerged as a prominent
destination for global actuarial services hub due to its large pool
of skilled professionals, cost-effectiveness, and robust educational
infrastructure. The country offers strong actuarial talent and a
range of actuarial services to clients such as insurance companies,
pension funds, and consulting firms for regions across the globe.
In India, insurance has a deep-rooted history. It finds mention in the writings of Manu (Manusmrithi), Yagnavalkya (Dharmasastra) and Kautilya (Arthasastra), etc. The writings talk in terms of pooling of resources that could be re-distributed in times of calamities such as fire, floods, epidemics and famine. This was probably a pre-cursor to modern day insurance. As India embraces digital transformation, inclusion, and a new role as a tech leader exemplified by a decade of technology transformation, or “techade,” new opportunities open up for the insurance sector and the wider financial services industry. With strong valuations and a significant growth trajectory, India’s insurance industry is poised for continued spiraling success.
IRDAI's - Insurance for All by 2047 - is a transformative initiative that aims to revolutionize the insurance landscape across the population. This vision is driven by the recognition that insurance is a critical tool for financial security, risk management, and economic stability. Moreover, the initiative aligns with the United Nations Sustainable Development Goals (SDGs) - particularly those related to good health and well-being, and reduce inequalities. As many as 237.3 million Ayushman cards have been issued till March 2023 in a span of 4.5 years. More than 38 million treatments worth a massive USD 5.49 billion have been provided across the Indian network of 28,000 PMJAY-empanelled hospitals. In FY25, premiums from new businesses of life insurance companies in India stood at Rs. 3,23,568 crore - US $ 37.8 billion. New business premiums in India surged by 22.4% YoY, reaching a total of Rs. 38,958 crore - US$ 4.42 billion in July 2025. Here are some highlights of India's plan of action for the insurance sector:
India’s diverse and comprehensive financial services industry is growing rapidly, owing to demand drivers (higher disposable incomes, customized financial solutions, etc.) and supply drivers (new service providers in existing markets, new financial solutions & products... With growing investor participation, rising digital adoption, and sustained policy support, India’s financial services sector is well-positioned to become a global powerhouse, driving inclusive growth and long-term economic resilience.
Demat, Savings & Current Accounts, Credit & Debt Cards, Loans (working capital, business, personal, home, auto, bikes... ), Fixed & Recurring Deposits, etc.
A wide portfolio of services, including investment due diligence, M&A advisory, valuation, real-estate consulting, risk consulting, taxation consulting.
These include managing and investing customers’ wealth across various financial instruments - including debt, equity, mutual funds, insurance products, derivatives, structured products, commodities, and real estate - based on the clients’ financial goals, risk profile and time horizons.
These service providers offer professional investment services across funds that are composed of different asset classes, primarily debt and equity-linked assets. The buy-in for mutual fund solutions is generally lower compared to the stock market and debt products.
Service offerings here are General Insurance (automotive, home, fire, travel, etc.), Life Insurance (term-life, money-back, unit-linked, pension plans, etc.) and health/medi-claim insurance.
Investment solutions for customers in National Stock Exchange and Bombay Stock Exchange or Commodities Markets are provided across various equity-linked products. The returns for customers are based on capital appreciation - growth in the value of the equity solution and/or dividends – and payouts made by companies to its investors.
Services offered in this segment include investments into government and private organization bonds (debt). The issuer of the bonds (borrower) offers fixed payments (interest) and principal repayment to the investor at the end of the investment period. These could be listed bonds, non-convertible debentures, capital-gain bonds, GoI savings bonds, tax-free bonds, etc.
These are a large portfolio of financial services within the tax and auditing domain. In the auditing segment, service providers offer solutions including statutory audits, internal audits, service tax audits, tax audits, process/transaction audits, risk audits, stock audits, etc. Taxation services include filing tax-returns, tax-savings & tax compliance advisory, GST, etc.
These services are offered primarily to organizations and involve the restructuring of capital structure (debt and equity) to bolster profitability or respond to crises such as bankruptcy, volatile markets, liquidity crunch or hostile takeovers. These solutions include structured transactions, lender negotiations, accelerated M&A and capital raising.
These are a highly specialized and customized range of solutions that enables clients to reach their financial goals through portfolio managers who analyze and optimize investments for clients across a wide range of assets (debt, equity, insurance, real estate, etc.). These services are broadly targeted at HNIs and are discretionary.
There are 1,457 Urban Cooperative Banks, 34 State Co- operative Banks (StCBs), 351 District Central Co-operative Banks (DCCBs) and one Industrial Co- operative Bank viz. (Tamil Nadu Industrial Co-operative Bank) which are under the supervision of RBI and NABARD. Cooperative credit in India is a crucial financial system for both rural and urban areas, pooling members' resources to provide affordable financial services. It operates through two main structures: a three-tiered rural system (Primary Agricultural Credit Societies, District Central Cooperative Banks, and State Cooperative Banks) and a long-term structure (SCARDBs and PCARDBS), along with urban cooperative banks. The primary goal is to promote savings, provide credit at competitive rates, and support economic development for its members, especially those with limited means.
A primary objective is to provide access to financial services for individuals with limited means, especially in rural areas. These are farmers, small businesses, and other marginalized communities who may be unable to access conventional banking services
The movement encourages members to save and pool their resources.
Offers credit facilities at affordable interest rates and with flexible repayment terms. They mobilize savings and deposits, particularly from rural and semi-urban populations.
Supports both agricultural and non-agricultural occupations, contributing to rural development, food security, rural housing, and employment generation. They are instrumental in driving rural economic development.
PACS and other societies aim to integrate with supply chains, provide inputs, and add value to agro-commodities. They offer specialized loans for sectors like housing, micro-businesses, and cottage industries.
PACS and other societies aim to integrate with supply chains, provide
inputs, and add value to agro-commodities. They offer specialized
loans for sectors like housing, micro-businesses, and cottage
industries.
BFSI Bharat 2026 is designed as the platform to capture this moment.
A national and international command-center for those building the future of finance - in and with India.
Please note: Picutres across the website are representative. All trade marks & credits are acknowledged. Source of content is the internet.
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