On an average, 15 million youths will join the workforce every year, for the next 20 years which gives India a unique competitive advantage
As an industry, the insurers need to strategize their talent pool in such a way that they capitalize the best out of each employee, while being prepared to face the bytological future.
To meet the requirements of this vast customer base, the financial institutions need to well equip themselves with skilled manpower to serve the needs of those un-banked as well as under banked segment.
Banks spend around 80% to 90% cost in maintaining these legacy applications and there is less budget available for innovation with the newer technologies.
At $14 bn, total deal value in India in 2016 was the second highest in the past nine years. The M&A data suggests that private equity deals have gone up by 17% in just 4 years. There has already...