Salary increases in India's banking and financial services sector are expected to range between 9 and 12%

The banking crisis in the US is unlikely to impact the sector in India as Indian banking is primarily domestic banking with a small proportion of NRI deposits, Sabnavis said. “Also in terms of exposure, though all banks have branches abroad, their exposure and risk is very limited.” Latest data from jobs portal Naukri.com show hiring activity increasing 13% in the insurance sector and 11% in the banking sector in April, compared with the same month last year.