Reception Clerk

Overview of Banking, Financial Services and Insurance Industry in IndiaThe BFSI industry is one of the fastest growing sectors in the country. Public Sector Banks (PSB) and Non-Banking Financial Companies (NBFC) have been the leading employers in the Indian banking sector, accounting for more than 73 percent employees. The sector currently employs over 2.55 million employees and is slated to employ more than 4.2 million employees by 2022. This implies additional creation of 1.6 million jobs in the nine-year period. Keeping in mind the current employment, and the expected growth in the Banking and NBFC, we project that the total employment in the particular segment would increase from about 1.89 million in 2013 to 3.2 million jobs in 2022, which translates to an incremental human resource requirement of about 1.3 million jobs. Growth estimates and latest trends of retail sector in IndiaAccording to Global Retail Development Index ? 2014 Indian retail industry ranks 20thamong the top 30 developing countries of the world. Indian Retail market is expected to reach Rs 47 Trillion mark by 2016 ? 17.Increasing urbanization, rising aspiration, complimentary demographics, improvement in the standard of living, etc. put together giving rise to the willingness and purchasing power to the Indian population.There are various national and multinational companies investing on a big scale in Indian retail sector.The industryemployed over 31 million workforce in conventional Retail segments and additional 7.6 million in specialised Retail segments like QSR, Auto and Jewellery Retail as on 2013. Employment base of the industry expected to reach 40.4 million by 2022 in conventional Retail segments and 15.55 million in specialised Retail segments. This would translate into an addition of 17.35 million additional employment opportunities during the period 2013-22 across the formats.Current market trends of healthcare sector in IndiaTheIndianhealthinsurancemarketrepresentsoneofthefastest-growingsegmentsinthecountry,havinggrownataCAGRofover34.7percentfrom2006-07to2011-12.Theshareofpopulationhaving medical insurance is likely to rise to as high as 20 per cent by 2015 from the present 2 per cent. Increased coverage and penetration of Insurance will result in higher spending on healthcare services.Innovative healthcare delivery models for Tier II/rural areas are on the rise due to saturation of Tier I markets and increasing rural demand. Developing spin-offs from the core business is an emerging trend where the service lines, are identified to create commercially feasible business models.