TELANGANA CHAPTER

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Nurturing BFSI Excellence

The Telangana Chapter of the BFSI Consortium is at the forefront of driving growth and innovation in the Banking, Financial Services, and Insurance (BFSI) sector in Telangana. As a key player in India's BFSI landscape, Hyderabad boasts a thriving ecosystem with numerous Global Capability Centres (GCCs) and a workforce of over 4 lakh professionals. Our chapter's initiatives, strategic collaborations, and focus on skill development are designed to strengthen this ecosystem and position Hyderabad as a hub for BFSI excellence.
Key Statistics:
• Workforce and Employment: Hyderabad is home to over 4 lakh professionals in the BFSI sector.
• Projected Growth: The BFSI sector in India is expected to grow at an annual rate of 8.2% until 2026.
• Global Capability Centres (GCCs): Hyderabad hosts major GCCs, including Barclays, Berkadia, Franklin Templeton, HSBC, JP Morgan & Chase, and Wells Fargo, mostly in what has been designated the ‘Financial District’ of Hyderabad. India is projected to house 2,400 GCCs by 2030, with many located in Hyderabad.
• Skill Development Needs: The current workforce deficit in the BFSI sector is 1.5 million skilled professionals, projected to grow to 3 million by 2030.
• Educational Initiatives: The BFSI Consortium, in collaboration with the Government of Telangana and the Telangana State Council of Higher Education (TSCHE), introduces industry-specific knowledge into undergraduate programs to equip students with relevant skills.
Initiatives by the Telangana Chapter
Skill Development Programs:
Our chapter has launched targeted training programs to bridge the skill gap. More than 5 lakh students in Telangana require training to meet the industry demands. These programs focus on providing domain-specific knowledge, technical skills, and behavioural training curated by industry leaders.
Internship Opportunities:
Through the Experiential Learning Program (ELP), students in Hyderabad have access to hands-on internships with leading BFSI companies. This immersive approach allows students to gain real-world experience and complement their academic learning with practical skills.
Dynamic Curriculum:
The Telangana Chapter has developed a comprehensive curriculum divided into three aspects: domain-specific knowledge, technical training, and behavioral skills. This curriculum is regularly updated to reflect the latest industry trends and practices, ensuring that students are well-prepared for careers in the BFSI sector.
Industry Collaboration:
We foster strong collaborations between educational institutions and industry leaders in Hyderabad. These partnerships ensure that academic programmes align with current market demands and future trends, enhancing the employability of graduates and contributing to the region's economic development.
Government Support:
The Telangana Chapter sets a benchmark for growth and empowerment in India. Our proactive approach in fostering a robust BFSI ecosystem is evident through collaboration with industry leaders and educational institutions. The Government of Telangana supports these initiatives by providing the necessary infrastructure and regulatory framework to facilitate the growth of the BFSI sector.
Strategic Importance:
The focus on skill development, regulatory compliance, and technological innovation positions Hyderabad as a critical player in the BFSI sector's growth narrative. The initiatives by the Telangana Chapter ensure that students, professionals, and businesses are well-equipped to meet the evolving demands of the industry.

By aligning educational programmes with industry requirements and promoting continuous learning and skill development, the Telangana Chapter is set to become a benchmark for BFSI growth and empowerment in India. Our initiatives ensure that the BFSI ecosystem in Hyderabad continues to thrive and evolve, driving excellence and innovation in the sector.