India’s Leading BFSI Companies 2020

V The BFSI sector is one of the most important pillars of the Indian economy and Dun & Bradstreet has been tracking its progress for more than a decade. We are pleased to announce the 12th edition of the publication titled ‘India’s Leading BFSI Companies 2020’ that features the leading companies with annual total income of more than ` 250 mn in FY19. The publication also provides the insights on the various segments of the BFSI sector which will help to understand their performance better. The publication profiles 351 companies, comprising 95 banks (scheduled commercial banks, small finance banks and payment banks), 105 non-banking financial companies (NBFCs), 22 FIs / financial services, 23 housing finance companies, 54 insurance companies (life, general, health insurance and re-insurance), 30 asset management companies and 22 broking houses. Some of the key highlights in the publication include – • During FY19 bank credit grew by 13%, largely driven by the services sector lending and personal loans • The banking sector showed substantial improvement in its NPA scenario as the recognition of bad loans neared completion. After rising for seven consecutive years, the gross non-performing assets (GNPA) ratio of all scheduled commercial banks (SCBs) declined in FY19 and stood at 9.6% • There was large scale consolidation in the NBFC sector on account of the inability to meet the criterion of having the minimum net owned fund requirement of ` 20 million. The number of NBFCs registered with the RBI declined from 9,856 at the end of March 2019 to 9,642 at the end of September 2019 • The total premium of the life insurance sector grew by 10.8% in FY19 compared to the previous year, largely driven by the robust performance of private sector companies which showed strong growth of 21.4% • The total premium of the general insurance industry showed 12.5% growth in FY19 over FY18. With 24.3% growth the private sector insurers outperformed their public sector peers which showed 1.3% growth • The mutual funds industry managed to show resilience in spite of the subdued economic growth. The aggregate AUM of the Indian mutual fund industry showed 11% growth by reaching to ` 23.8 tn as on March 31, 2019 from 21.4 tn a year ago ‘India’s Leading BFSI Companies 2020’ highlights the achievements of the leading players of the sector that are playing a key role in the country’s financial system. Dun & Bradstreet will continue to track their performance and the developments in this sector through its future editions. Naina R Acharya Leader Learning & Economic Insights Group Dun & Bradstreet India Executive Summary Dun & Bradstreet