Bengaluru

Fostering BFSI Excellence

The Bengaluru Chapter of the BFSI Consortium is at the forefront of driving innovation and
talent development in Karnataka’s thriving Banking, Financial Services, and Insurance
(BFSI) sector. Known as India’s Silicon Valley, Bengaluru is a powerhouse of digital
transformation, hosting a dense network of fintech companies, Global Capability Centres
(GCCs), and financial institutions. Our mission is to empower this ecosystem through
strategic collaborations, talent skilling, and future-ready educational initiatives.
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Key Statistics

Workforce: Bengaluru employs over 6 lakh professionals across banking, financial
services, insurance, and fintech domains.

Fintech Hub: Bengaluru accounts for over 35% of India’s fintech startups, making
it a critical innovation node.

GCC Presence: Global giants like Goldman Sachs, Morgan Stanley, Wells Fargo,
Citi, and Standard Chartered operate major GCCs in Bengaluru.
Growth Outlook: India's BFSI sector continues to expand at 8.2% CAGR through
2026, driven by tech-enabled financial services.

Talent Gap: The BFSI industry is projected to face a 3 million skilled talent
shortfall by 2030.

Academia-Industry Linkage: Partnerships with Karnataka’s leading universities
aim to embed BFSI-aligned coursework in undergraduate programs, bridging the
gap between education and employment.

Karnataka Launches India's First BFSI Minor Degree Program

We’re proud to announce a landmark MoU signed with the Government of Karnataka —

unveiled by the Hon’ble Chief Minister, Sri Siddaramaiah, at the Bengaluru Tech Summit.
This dynamic partnership marks a bold leap toward reshaping skill development in the
BFSI sector. Together, we're committed to equipping students with cutting-edge domain
knowledge, in-demand tech skills, and industry-ready behavioral competencies — all
designed to close the talent gap and fuel career success in the financial world.

The Bengaluru Chapter is spearheaded by a dynamic leadership team comprising Veda
Prasad, Sheenam Ohrie, Jyothi, and Mohammed Khalil Ullah.

 

Next Steps:

• Communication has been initiated with the government of Karnataka

• We will be selecting the institutions that we are going to collaborate with for the
Accelerated and Minor degree program.

• The program will commence with the start of the new semester, enabling smooth
student onboarding, training assessments, and seamless integration into the
curriculum following semester exams.

We are thrilled to contribute to this transformative journey for students, institutions, and
the BFSI ecosystem in Karnataka.



Initiatives by the Bengaluru Chapter

Skill
Development

Training programs for over 5 lakh students to bridge the skill gap, focusing on technical skills, and behavioral training.

Internship Opportunity

The Experiential Learning Program (ELP) offers hands-on internships with leading BFSI companies and partners.

Dynamic Curriculum

A dynamic curriculum covering domain knowledge, technical training, and behavioral skills, regularly updated to reflect industry trends.

Industry Collaboration

Strong partnerships between educational institutions and industry leaders ensure academic programs meet market demands.

Government Support

The Bengaluru government provides infrastructure and regulatory support for the BFSI sector's growth.