Financial Services

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Financial services are quickly reshaping

Emerging trends are rapidly transforming the financial services landscape—driven by cutting-edge advancements in AI, fintech, open platforms and data analytics, alongside an increased emphasis on customer-centric approaches and sustainable finance, including ESG considerations. Financial institutions must adapt to these shifts while managing a dynamic risk and regulatory environment.

As the industry evolves towards a more interconnected, collaborative and seamless future, the focus remains on trust, growth and value addition.

KPMG in India is here to support. Our cross-disciplinary team of experts is adept at achieving successful transformations within the financial sector. Our competencies enable us to strategies and deliver technology-driven and insight-led services that promote sustainable value creation.

Our professionals leverage deep industry expertise to ensure smooth collaboration and effective execution across various sectors, including asset and wealth management, banking and capital markets, insurance and private equity.

Intelligent banking

A blueprint for creating value through AI-driven transformation

Intelligent insurance

Impact of AI on insurance industry, unlocking new possibilities with gen AI and providing a blueprint for innovation

Key trends shaping banking and financial services landscape

DIGITAL in all aspects of business

Data and analytics leveraged for better decision making, implementing new age technologies – RPA, AI/ML, platform models, payments, talent, cloud, API/fintech, etc

Global captive centers (GCC's)

Global captive centers are increasingly focusing on transformation and managed services

Pressure on revenue and market share

Inability to deploy capital on account of consumption and investment slump, lesser effectiveness of traditional channels and entry of new age players, digitally enabled customer demanding instant gratification and personalised services

Stringent and evolving regulatory environment

Compliance requirements aligned to global standards e.g. BASEL, IFRS; increase in FDI limit in insurance, bank licences to large corporates and NBFCs

Cost pressure

Increasing Cost to Income ratio, inefficiencies in processes and limited automation/ technology enablement and changes in operating models.

Ballooning risk

Liquidity crunch, NPAs and restructured assets, revival of stressed entities, higher claims in life and general insurance industry, need for higher capital infusion, cyber security, financial crime, etc.

How can KPMG in India help?

Why select KPMG in India

Integrated suite of offerings to meet specific needs of FS clients
Deep experience of working with international teams (50+ countries)
We work with contemporary, among best-in-class technology/tools/ strategic alliances
Well conversant with regulatory landscape
Marquee credentials thought leaders and dedicated industry experts.

India Union Budget 2025-26: Our Sector Insights

KPMG in India point of view 2025 - Financial Services

Budget 2025 aims to boost consumption, rationalise taxes, support MSMEs, agriculture, exports, and infrastructure

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KPMG in India point of view 2025 - Family office

Budget 2025 aims at providing clarity for high-net-worth individuals by refining capital gains tax structures

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KPMG in India point of view 2025 - Public Finance

Budget 2025 focuses on fiscal prudence, human capital, and increased focus on capital expenditure to boost economy

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KPMG in India point of view 2025 - Private Equity

Budget 2025 addresses transformative reforms for private equity and venture capital, enhancing India's growth potential and global competitiveness

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Hear from the experts

Sanjay Doshi shares the effects of interest rate cuts on the banking sector.

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Manoj Kumar Vijai of KPMG talks about the key trends in Banking.

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Hemant Jhajhria talks about how AI will affect the banking sector and key trends in BFSI sector at the Business Today Economy and Banking Summit.

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How digital transformation is reshapes the banking landscape and discusses the challenges and opportunities that banks faces.

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India Insights

Our insights is your gateway to thought leadership and in-depth reports. Explore our curated collection of valuable content, where we delve into complex business challenges, share industry trends, and provide actionable insights.

KPMG in India, in collaboration with CDSL, invites you to step into an era reimagined by the innovative evolution of CapTech

CISOs are turning to advanced technologies such as AI to combat soaring cybersecurity threats. But technology alone is not enough

By harnessing its unique strengths India can create a leadership position in developing financial models and structures that creates long term value

An analysis of the performance of the main board Initial Public Offerings (IPOs) in India, between 1 April 2024 and 31 March 2025

A blueprint for creating value through AI-driven transformation

KPMG Private Enterprise quarterly global report on venture capital trends

KPMG in India and AIMA’s MCDI 2024 survey report highlights the urgent need for resilient, empathetic, and future-ready leadership in India

Financial services providers are empowering individuals through innovation, transparency, and solutions that adapt to evolving lifestyles

Secured micro-lending offers loans to undeserved segments against collateral, including microfinance, MSME, and housing loans

An overview on how regulated entities involved in the NEFT and RTGS payments chain can ensure compliance to regulatory requirements

Cement industry navigates EBITDA pressure with innovative cost optimisation in fuel procurement, logistics and manpower for efficiency gains

Biannual analysis of global fintech funding trends, highlighting key insights, investment shifts, and emerging opportunities in H2 2024

An overview on the current situation of commercial aircraft leasing in India, and the future scope of leasing

India can give the world something that we excel at - sustainable, contemporary yet crafted in tradition

Dive deep into the financial crime avenues and stay up-to-date with Indian and global regulatory initiatives

Budget 2025 is a forward thinking budget to facilitate India’s vision of becoming a USD 5 trillion economy by 2027 and a developed nation by 2047

The Finance Ministry has balanced tweaking personal tax rates without compromising on capex outlay and fiscal prudence

By taking a two pronged approach-boosting consumption and accelerating investment, the government has propelled the engines of economic growth

By adopting proven frameworks, financial institutions can cultivate a proactive, information-driven compliance environment

Unpublished Price Sensitive Information (UPSI) poses significant challenges for companies, requiring robust measures to prevent data theft and insider trading

A global overview of key findings uncovered from the Q4’24 Venture Pulse Report

How banks can profit from sustainable growth

An analysis of the performance of the main board Initial Public Offerings (IPOs) in India, between 1 April 2024 and 30 September 2024

Evaluating ECL methodology is vital as it impacts P&L through provision charges and affects capital, liquidity, and other regulatory ratios

A forensic lens on related-party transactions (RPTs) helps uncover potential risks and provides guidance on mitigating these risks effectively

The transformation brought about by technology and FinTech is expected to continue, and GCCs must innovate and adapt to stay competitive.

Digital lending platforms, banks, NBFCs and Fintechs have a crucial role to play in responsible and balanced growth in Indian consumer credit market.

Smart lending has unlocked the potential for formal lending system in India, catering the needs of millions of underserved borrowers in the country

Financial services industry are increasingly focused on customer-centricity, recognizing that meeting individual customer needs is key to success.

A global overview of key findings uncovered from the Q3’24 Venture Pulse Report.

Innovation through technological platforms and ecosystems.

The report includes an analysis of the IPOs of companies which got listed between 1 April 2023 to 31 March 2024.

Podcast series for Financial Services leaders

Podcast series for global asset management, real estate and private equity leaders and professionals.

Global insights

Following the money in AI

The FCA has announced that it is changing the way it will communicate its supervisory priorities to firms. But what will these changes mean in practice?

PRA PS6/25 – Maintaining the UK’s “responsible openness”

Our perspectives on the impact on the UK banking market

Recent regulatory assessments have revealed gaps in firms’ governance and validation frameworks, particularly in how they manage financial and operational risks linked to climate change.

Global perspectives from financial and retail executives on payment modernization strategies and trends

KPMG takes a value-focused approach to due diligence that integrates global methods and sector-specific drivers, offering holistic insights for confident decision-making.

Key Contact

Sanjay Doshi

Partner and Head, Transaction Services and Financial Services Advisory

KPMG in India

Simar Singh

Partner, GCC Sector Leader - Financial Services

KPMG in India

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Financial Services