What is Full Form of BFSI? BFSI Full Form: BFSI stands for Banking, Financial Services, and Insurance – Represents a crucial sector that encompasses various institutions and services related to finance and risk management. BFSI full form is Banking, Financial Services and Insurance. To know more about BFSI ’s mission, BFSI skill council, popular companies, and job profiles read here. 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.