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The Banking, Financial Services, and Insurance (BFSI) sector is a critical component of the global economy, offering essential services to individuals, businesses, and governments. It encompasses a wide range of services including commercial banking, investment banking, insurance, asset management, financial markets, and more. In India, the BFSI sector has seen rapid growth, driven by factors such as technological advancements, increasing per capita income, and a growing middle-income group.
Key players in the Indian BFSI sector include Bajaj Finance Ltd, HDFC Ltd, ICICI Bank Ltd, LIC India, and the State Bank of India. These companies offer a diverse range of financial products and services, catering to both retail and corporate clients. Despite its growth and importance, the BFSI sector faces various challenges such as competition, cybersecurity risks, economic uncertainty, and regulatory compliance.
To address these challenges and capitalize on opportunities, the BFSI sector is embracing digital transformation, investing in technology, enhancing customer experiences, and focusing on areas such as environmental, social, and governance (ESG) efforts. Despite the challenges, the BFSI sector continues to be a significant contributor to India's GDP, with projections indicating continued growth in the coming years.
Keywords:
Investment, BFSI sector, investors
Cite Article:
"A Study on Consumer Perspective Towards Different Investment Sectors", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.9, Issue 4, page no.105 - 124, April-2024, Available :http://www.ijrti.org/papers/IJRTI2404016.pdf
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ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator