Tamil Nadu Guidance
Banking & Financial Services

Banking & Financial Services

From the establishment of The Madras Bank in 1682 to today, Tamil Nadu has consistently been a pivotal player in the financial services industry. Now poised to become a global FinTech hub, the region hosts approximately 15% of BFSI (Banking, Financial Services, and Insurance) Global Capability Center operations in India. This highlights its transformation into a center of financial, technological, and corporate excellence.

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of Fortune BFSI Companies have a presence in Tamil Nadu

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FinTech Startups

Key Highlights

Discover what makes banking & financial services sector thriving in Tamil Nadu

Banking & Financial Services highlight

Gender Diverse Talent Pool: Gender-diverse talent pool, including 15 out of the top 100 engineering talents, 9 of the top 50 research institutes, and over 3000 actively participating Chartered Accountants, with more than 40% being women

Specialized Skillset Hub: Home to more than 10% of India's specialized talents in AI/ML, cybersecurity, AML-KYC, product testing, risk analysis, and analytics. Prestigious institutions like the Madras School of Economics and the Chennai Mathematical Institute are renowned for producing top-notch Mathematics and Statistics experts

Cutting-edge Research Centers: The State is a hub for cutting-edge research and centers of excellence in cybersecurity, AI, ML, mathematics, and banking management.

Robust Infrastructure: Features state-of-the-art facilities including Fintech City at Nandambakkam, dedicated Special Economic Zones for IT & ITeS companies, and ELCOT SEZs.

Policy Support: Dedicated policy support through initiatives like the GCC subsidy, Tamil Nadu Fintech Policy and Tamil Nadu Research and Development Policy, fostering an environment conducive to innovation and investment.

Booming Tier-2 Destinations: Emerging tier-2 locations like Coimbatore, Salem, and Madurai that host operations of international BFSI majors such as State Street, First American, Toppan Merrill, and Solartis

Latest Policies

Explore the latest policies supporting the banking & financial services sector development in Tamil Nadu.

Tamil Nadu R&D Policy 2022

Tamil Nadu R&D Policy 2022

Tamil Nadu FinTech Policy 2021

Tamil Nadu FinTech Policy 2021

Leading Companies

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Vignesh P

Vignesh P

vigneshp@investtn.in

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