siliconindia | | June 20174siliconindia | | June 20175Indian Banking & Financial Industry is currently worth $1.31 trillion and insurance industry recorded a new premium income of $20.54 billion, indicating a growth rate of 22.5 percent. Prime Minister Narendra Modi's Pradhan Mantri Jan Dhan Yojana for financial inclusion to ensure access to financial services, namely banking savings & deposit accounts, remittance, credit, insurance, pension, and others has made its mark even in the Guinness World Records that recognized the achievements made under PMJDY. Various other initiatives by the Indian government like crop insurance, pension schemes and more have further fuelled the BFSI industry growth. Digitalization of banking services has also enabled the industry to penetrate further among its target audience residing in the far flung areas. Many financial companies have jumped into the bandwagon to offer various services catering to different groups and needs of people. The industry has opened its door wider for SMEs and MSMEs, while farmers too are getting the much needed fuel for their agriculture. But to our dismay, only a handful of financial institutions have opted to serve this needy segment of the society. However, this number will see considerable rise in the near future considering various programs and initiatives launched by the Indian government, which will surely bring more transparency into the system. This transparency will result in enhanced positive business sentiments and improved customer confidence, ultimately leading to the economy's growth. BFSI sector will further play a key role in meeting credit needs of various sectors of the economy. Understanding these developments which are projected for the coming years, siliconindia brings to you the story of `10 Most Promising BFSI Service Providers - 2017' who cater to various segments of the society, be it education or agriculture or industry. We hope the list will help you get your financial partner who takes you and your business miles without any flinging issues. Do let us know what you think!Anamika SahuManaging Editoreditor@siliconindia.comEditorialGrowing India & Its Economy siliconindia Vol 05 · Issue 11 - 4 · June 23, 2017 Publisher Alok Chaturvedi Editor-in-Chief Pradeep Shankar Managing Editor Anamika Sahu Editorial Team Adil Abdul Kareem E Ananth. V Shefali Mathur Sujith Vasudevan Susila Govindaraju Trisha Pragya Nelson Devasia VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit www.siliconindia.com/magazine-in or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murigheshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2017 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comSr. Visualiser MaitreyeeVisualiser Vimalraj M S SivasankarGroup Art DirectorAshok KumarDelhi NCRAshu SethiCirculation Manager Magendran PerumalAshu Sethi
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