Banking, Financial Services and Insurance
Introduction of the Sector
The Banking, Financial Services, and Insurance (BFSI) sector in India is on the brink of rapid growth, driven by rising per capita income, technological innovations, and the launch of new financial products. With expanding distribution networks and increasing consumer awareness, the BFSI industry is poised to play a critical role in India’s economic development, fostering inclusive growth. As a key driver of economic progress, the BFSI sector remains a top priority, with vast opportunities for growth and innovation.
Bachelor in Banking, Financial Services and Insurance
Programme Introduction
The Bachelor in Banking, Financial Services, and Insurance (BFSI) is an undergraduate programme designed to provide comprehensive training in banking and its related fields. The curriculum covers essential topics such as banking, finance, insurance, investment, risk management, computer applications, and IT. This programme equips students with the skills needed to thrive in this rapidly growing sector, known for generating abundant job opportunities.
Eligibility for Admission
10+2 or equivalent, in any stream.
Updates in Banking, Financial Services, and Insurance:
1. Union Budget 2025 Boosts BFSI with Reforms and Digital Push
Proposals like TDS rationalization and higher thresholds for senior citizens aim to promote financial inclusion, supporting the “Insurance for All by 2047” goal. Investments in digital payment systems and cybersecurity are expected to create 12 lakh jobs by 2028, particularly in fintech and insurance tech.
2. India's Banking Sector is Continually Growing Amid Digital Transformation
The Indian banking sector is experiencing robust growth, driven by digital transformation initiatives. The RBI reports a significant increase in digital transactions, with UPI crossing 10,000 Crore transactions in a single month. This growth underscores the need for professionals adept in banking technology and digital financial services, making specialized education in banking increasingly valuable.
3. Expansion of India's Financial Markets with New Investment Products
India's financial markets continue to expand with the introduction of innovative investment products, including new Exchange Traded Funds (ETFs) and Real Estate Investment Trusts (REITs). These developments are expected to attract more retail investors, creating a demand for professionals skilled in financial market analysis and product management.
4. Insurance Sector in India Set for Major Overhaul with Regulatory Changes
The Indian insurance sector is poised for significant changes following new regulatory updates by IRDAI. The reforms focus on increasing transparency, improving customer service, and promoting innovative insurance products. These changes are expected to create more job opportunities in insurance management, underwriting, and risk analysis, highlighting the importance of specialised education in insurance.
5. Growth of FinTech in India's Financial Services Industry
India’s FinTech industry continues to flourish, contributing to the rapid digitization of financial services. With an increasing number of startups offering solutions in payments, lending, and wealth management, the FinTech sector is expected to be a significant driver of growth in banking and financial services. This trend underscores the rising demand for professionals who understand both finance and technology.
6. Rising Insurance Penetration and Product Innovation
Increased private participation and operational efficiencies are driving insurance penetration. The sector’s growth is fuelled by consumer awareness and new products, creating demand for insurance professionals.
Career Prospects/Job Roles
Upon completing the programme, students will be well-positioned for employment in a variety of financial institutions and roles, including:
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Banks
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Non-Banking Financial Companies (NBFCs)
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Mutual Fund Organisations
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Insurance Companies
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Financial Planners
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Insurance Advisors
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Mutual Fund Advisors
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Trading
Knowledge Partner for skill training
BFSI Sector Skill Council, Gadas Insurance and Investment, Nsrm and Associate CA, We Care Services, Prabhakar Nakashe Associates
Semester-wise Listing of Courses
| SEMESTER I | SEMESTER II | ||||||
| Course Code | Course Name | Credits | Course Code | Course Name | Credits | ||
| GE 1.1 | Functional English | 2 | GE 2.1 | Communication Skills | 2 | ||
| GE 1.2 | Computing Skills and Digital Literacy | 2 | GE 2.2 | Enivornmental Studies | 2 | ||
| BFSI 1.1 | Introduction to Banking & Financial Services | 2 | BFSI 2.1 | General Insurance & Operations | 2 | ||
| BFSI 1.2 | Microfinance & Operations | 2 | BFSI 2.2 | Introduction to Financial Planning | 2 | ||
| BFSI 1.3 | Mutual Funds and Operations | 2 | BFSI 2.3 | Indian Securities Markets | 2 | ||
| BFSI ST1 | Skill Training | 12 | BFSI ST2 | Skill Training | 12 | ||
| CDPNE | *Doman Practicum | NC | CDPNE | *Domain Practicum | NC | ||
| SEMESTER III | SEMESTER IV | ||||||
| Course Code | Course Name | Credits | Course Code | Course Name | Credits | ||
| GE 3.1 | Financial Literacy | 2 | GE 4.1 | Design Thinking | 2 | ||
| GE 3.2 | Basics of Legal and HR Policies | 2 | GE 4.2 | Organizational Behaviour | 2 | ||
| BFSI 3.1 | MSME, Agriculture and Corporate Banking | 2 | BFSI 4.1 | The Business of Retail Banks & NBFCs | 2 | ||
| BFSI 3.2 | Quantitative Techniques | 2 | BFSI 4.2 | Financial Product Management | 2 | ||
| BFSI 3.3 | Life Insurance & Operations | 2 | BFSI 4.3 | Customer Relationship Management | 2 | ||
| BFSI ST3 | Skill Training | 12 | BFSI ST4 | Skill Training | 12 | ||
| CDPNE | *Domain Practicum | NC | CDPNE | *Domain Practicum | NC | ||
| SEMESTER V | SEMESTER VI | ||||||
| Course Code | Course Name | Credits | Course Code | Course Name | Credits | ||
| GE 5.1 | Health and Wellness | 2 | GE 6.1 | Entrepreneurship | 2 | ||
| GE 5.2 | Personal Grooming | 2 | GE 6.2 | Employment Readiness | 2 | ||
| BFSI 5.1 | Loans & Depository Operations | 2 | BFSI 6.1 | Advanced Financial Planning Concepts | 2 | ||
| BFSI 5.2 | Advanced Corporate Banking | 2 | BFSI 6.2 | Introduction to Credit, Treasury, Forex & Risk Management in Banks | 2 | ||
| BFSI 5.3 | Investment Analysis & Portfolio Management | 2 | BFSI 6.3 | Cyber Security in BFSI | 2 | ||
| BFSI ST5 | Skill Training | 12 |
BFSI ST6 |
Skill Training | 12 | ||
| CDPNE | *Domain Practicum | NC | CDPNE | *Domain Practicum | NC | ||
*Domain Practicum- “Compulsory and Non-Credit, non-evaluative component"
The Skill Training component is 50% to 60% ranging from 600 hours to 720 hours per year depending upon the industry requirement
Programme fees: Rs,48,000/- per annum
Examination fees: Rs.1,600/- per semester and Rs.3200/- per annum
Caution Deposit (Refundable): Rs.5000/-
Convocation Fees: Rs.2000/- (In absentia Rs.2500/-)