SEFS is working with the leading companies in India to transform the finance education system. This presentation provides a broad overview of the project.
2. Current Scenario – BFSI in India Banking Sector: According to a McKinsey study, the banking market in India is expanding with annual revenues expected to more than double to US$ 16.5 billion by 2010 from about US$ 6.4 billion at present. While the overall banking industry is growing at 20%, New Private Sector banks are growing at 40%. Today India's banking sector generates 2.5% of GDP and employs around 0.9Million people. With all reforms it could generate 7.5% of GDP and employ 1.5Million people. The growth would increase further once the government opens up the banking sector in 2009 for foreign players. Insurance: In the Insurance sector, during the financial year 2004-05 alone, the life insurance premium grew by 35 per cent to over US$ 13.5 billion in 2004-05. According to research agency Crystalise Research, over the next 5 years, this figure will reach US$ 33.5 billion mark. Stock Market: The AUM of the Indian mutual fund industry went up by 33 per cent at around US$ 44 billion in December, 2005, as against US$ 33 billion in the corresponding period last year. GROWTH
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4. The Solution: EMPOWERING FINANCE EDUCATION DEMAND & SUPPLY AGGREGATOR Institute 1….n Institute 1….n Institute 1….n SEFS: Education TeamLease: Manpower Solutions MeritTrac: Assessment Technology Partner: Content + Delivery Platform EDUCATION ENGINE Institute 1… Institute ...n Institute 1….n Institute 1….n Institute 1….n Wealth Management Firm 1…n Institute 1….n Institute 1….n Institute 1….n Bank 1…n Institute 1….n Institute 1….n Institute 1….n Insurance Co. 1…n Institute 1….n Institute 1….n Institute 1….n KPO/Others 1…n