Top 10 BFSI Companies in India

Often you would have heard or read the term BFSI when reading a newspaper or watching news related to finance economy or business.

The term BFSI is used worldwide. It means Banking, Finance, Stocks, and Insurance. Global financial analytics and data provider Dun & Bradstreet lists 303 companies of India as the topmost in BFSI sector of this country.

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Understanding BFSI

BSFI companies include banks, insurers, payment portals and gateways, stockbrokers, microfinance and bigger lenders and almost every other company that specializes in these fields. Like any country, the BFSI sector forms the backbone of Indian economy.

You can access the full listing provided by Dun & Bradstreet from its website, which is also a goldmine of information for learning about the BFSI sector of India.

Here, we provide a list of top 10 companies in each sector of BFSI. Please note, this list is generated at random and does not in any way signify financial standing, reputation, popularity of any other ranking. The list we provide is purely for informational purposes only and not an indicator of anything else.

Top 10 PSU Banks of India 2018

Top 10 Public Sector banks of India

  • State Bank of India
  • Punjab National Bank
  • Bank of Baroda
  • Canara Bank
  • Bank of India
  • Union Bank of India
  • UCO Bank
  • Allahabad Bank
  • Syndicate Bank
  • Bank of Maharashtra

Read: List of Top 15 Nationalized Banks in India

Top 10 Private Banks of India

  • ICICI Bank
  • HDFC Bank
  • Axis Bank
  • Yes Bank
  • IndusInd Ban
  • Karur Vyasya Bank
  • DCB Bank
  • Federal Bank
  • Dhanalakshmi Bank
  • Karnataka Bank

Read: Top 15 List of Private Banks in India

Top 10 Cooperative Banks of India

  • Saraswat Bank
  • Cosmos Bank
  • Shamrao Vitthal Cooperative Bank
  • NKGSB Bank
  • Apna Sahakari Bank
  • Bombay Mercantile Cooperative Bank
  • Punjab & Maharashtra Cooperative Bank
  • Thane Jilha Sahakari Bank (TJSB)
  • Zoroastrian Cooperative Bank Ltd
  • Abhyudaya Cooperative Bank

Read: Top 10 Cooperative banks of India 2018

Top 10 Asset Management Companies

  • BOI AXA Asset Managers
  • ICICI Prudential Asset Management
  • HDFC Asset Management Co
  • HSBC Global Asset Management
  • Citigold Total Wealth Access
  • Principal-PNB Asset Management Co
  • Birla Sun Life Asset Management
  • Canara Robeco Asset Management Co
  • Reliance Asset Management Co
  • BNP Paribas Wealth Management Pvt.Ltd

Read: Top 10 Asset Re construction Companies

Top 10 Insurance Companies

  • Life Insurance Corporation of India
  • National Insurance Co
  • The Oriental Insurance Co
  • General Insurance Co
  • HDFC Ergo
  • ICICI Lombard
  • Bharti AXA
  • Bajaj Allianz
  • Max Life India
  • IndiaFirst Life Insurance

Top 10 Stock Broking Companies

  • Indiabulls
  • LKP Securities
  • Zerodha
  • Angel Broking
  • Stock Holding Corporation of India Ltd
  • ShareKhan
  • ProStocks
  • ICICIdirect
  • HDFC Securities
  • Reliance Securities Ltd

Read: Top Stock Broking Companies in India

Top 10 Housing Finance Companies

  • HDFC
  • Dewan Housing Finance Ltd
  • Bajaj Finserv
  • Birla Home Finance Ltd
  • Gruh Finance Ltd
  • Home First Finance Co
  • Indiabulls
  • Citi Financial
  • LIC Housing Finance
  • PNB Housing Finance

Top 10 Payment Portals/ Gateways

  • Paytm
  • MobiKwik
  • FreeCharge
  • ICICI Pockets
  • SBI Buddy
  • Bharat Interface for Money (BHIM)
  • PayZapp by HDFC
  • StarToken by Bank of India
  • Vodafone m-Pesa
  • Google Pe

Top 10 Mutual Fund Companies

  • Birla Sun Life MF
  • Canara Robeco MF
  • SBI MF
  • ICICI Bank MF
  • Tata MF
  • L&T MF
  • Sundaram MF

Check out: 20 Best Mutual Funds Companies in India: Long Term Investment

In Conclusion

The number of BFSI companies in India is truly large. Banks, AMCs and other financial institutions of this country are now vying amongst one-another to offer a broader range of banking, financial, loans, payments, insurance and other products under a single roof to customers.

The rule for electronic KYC (e-KYC) in India which requires Aadhar card to be linked to Permanent Account Number and mobile number and email ID enables faster and efficient transactions.

India has already emerged as a leading global economy. The BFSI sector of India has played a major role in this surge.

In coming years, Indians can expect to see several reforms in the BFSI sector which will make it attractive for investments.

Increased competition also augurs well for individual customers since you may soon get loans and other financial services at very attractive rates.

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