Financial services

The financial sector in India includes services like broking firms, investment services, financial consulting, national banks, private banks, mutual funds, car and home loans, equity market and other banking services. Financial services have grown immensely in the last few years. Finding India as a promising market, foreign institutional investors (FIIs) have purchased stocks and debt securities worth US$ 223.26 billion in the fiscal 2010-11. Average assets under management (AUM) of the Indian mutual fund industry stood at 7,036.7 billion (US$ 158.26 billion) during January to March 2011 and India's foreign exchange reserves stood at US$ 308.2 billion as on April 8, 2011.

India has emerged as an attractive investment destination for global investors as 61 per cent of merger and acquisition deals in the first quarter of 2011 were done by foreign firms of Indian entities. The trend, going forward, is likely to heat up further. Out of the 57 deals that took place during January to March 2011, 35 deals had foreign bidders. Cross-border deals dominate the top deals table, with four inbound and one outbound deals qualifying as the five largest deals announced in Q1 2011. As many as 57 deals totaling US$18.3 billion were recorded in Q1, 2011, a 270.6 per cent rise in value as compared to the same quarter last year. Moreover, upbeat by expectations of nearly 9 per cent growth in India’s Gross Domestic Product (GDP), venture capital (VC) and PE investors are optimistic that deal activity will not only continue in 2011, but also rise from 2010 levels.

Clientele:

  • Asset Management.
  • PE Firms.
  • Consumer Financial Services.
  • Global Banking & Markets.
  • Insurance.
Functional Areas: