Bank On Banks For The Nest Boom

BFSI Goes Bigger By The Day The cloud managed services market was valued at $36.47 billion in 2020 and is expected to reach $88.85 billion by 2026, at a CAGR of 16%. The BFSI sector, a pioneer in the adoption of computer and networking systems to curtail large, space-intensive repositories and databases, is expected to have a substantial share in the cloud managed services market. The BFSI sector will soon need a more polished workforce to retain the digital transformation momentum. The sector promises to bring 1.6 million jobs by 2022. FIIs invested $1.96 billion in banking and financial stocks in February, which accounts for 50% of the total inflows. The Insurance sector gained recently after the sector saw a surge in February numbers with shares of SBI Life and HDFC Life rallying to their record highs. The Indian BFSI sector listed around 27 IPOs between 2007 and 2020. Around 13...