BDO India’s Banking and Financial Services practice offers our clients comprehensive solutions to the challenges in an increasingly globalised financial world. With the progressive globalisation of markets, intense competition, and the global financial crisis, banks and other financial services require an in-depth understanding of the relevant requirements and solutions.

Increasing competition and regulatory burden have resulted in a trend of consolidation in the banking industry. Financial institutions require advisors with the knowledge and experience necessary to guide them through the opportunities, obstacles, and complexities associated with the financial sector.

BDO India’s Financial Services practice draws on deep industry experience to help clients navigate a changing and highly competitive industry. We provide proactive guidance and value-added services to our clients, including comprehensive compliance and litigation support services. Our professionals deliver advisory, tax, and consulting services to financial institutions, asset managers and insurance companies.

Our team possesses deep experience working with a variety of banks in addressing challenges and identifying opportunities. We can provide you with regulatory, compliance, cyber security and risk solutions tailored to your unique needs. We work together to overcome challenges and realise opportunities in a competitive market. Backed by a global network spanning more than 160 countries, we are able to address both domestic and international needs.

BDO India provides solutions for:

• Banks and mutual banks
• Investment management funds
• Listed and unlisted real estate investment trusts
• Insurers
• Providers of products and services to the financial services industry.

Unprecedented events such as the COVID-19 pandemic, wars and economic uncertainties, combined with the ongoing challenges of climate change and the evolving tech landscape are forcing insurance companies to recontextualise their ecosystem. Our Actuarial Services portfoilio helps insurance players from established companies to start-ups, in predicting viability, meeting specific requirements and making informed decisions in the new normal. 

Our offerings under Actuarial Services include:

• Product design and pricing
• Business planning and strategy
• Risk management
• Review
• Process reviews
• Due diligence activities for mergers and acquisitions
• IFRS 9 and IFRS 17 implementation support

Our industry leaders remain at the forefront of the conversation, whether by working in the field with clients, participating on regulatory committees, authoring articles on the latest regulations, or speaking at industry conferences.