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BFSI Full Form: BFSI stands for Banking, Financial Services, and Insurance - Discover the functions, importance, and key players in the BFSI (Banking, Financial Services, and Insurance) sector. The BFSI Sector Skill Council of India is set up to bring leading organizations of the BFSI industry together to create strategies and operational plans that will create standardized skill requirements for the various job roles in the industry. Back Banking, Financial Services & Insurance ( BFSI ) Courses 0 Courses BFSI Sector in India has evolved significantly over the years and has been a key driver for business growth. It caters to segments like Banking & NBFC, Broking Houses, Insurance, Mutual Funds & Stock Exchanges. As per the Reserve Bank of India (RBI), IndiaÕs banking sector is sufficiently capitalised and well-regulated. The financial and economic conditions in the country are far superior to any other country in the world. Banking, financial services and insurance (BFSI) is the industry's umbrella term for companies that provide a range of such financial products or services. This includes universal banks that provide a range of financial services or companies that operate in one or more of these financial sectors.