MAM
Goafest 2015 unveils speakers for knowledge seminars
MUMBAI: In the tenth year of one of India’s premier advertising festival- Goafest, the celebration is poised to get bigger and better.
The festival, which will take place at the Grand Hyatt, Bambolim in Goa from 9-11 April, will continue being a three day festival, with three award nights, and with the categories remaining more or less the same, like last year.
Hosted by the Advertising Agencies Association of India (AAAI) and the Advertising Club, the event is known to be a hub of learning. “We have, year on year, expanded the width of our speakers, and we will continue doing that,” said Goafest chairman and AAAI vice president Nakul Chopra, while revealing the first list of speakers for this year’s event.
The speakers for the knowledge seminar include: Dentsu Aegis Network Asia Pacific chief creative officer Ted Lim, 180 Amsterdam president and creative officer Alan Moseley, Facebook APAC region head of agency Neil Stewart, ZenithOptimedia worldwide strategic marketing officer Guy Abrahams and author and mythologist Devdutt Pattanik.
“Further list of speakers will be announced in a week or so,” informed Percept director Ajay Chandwani.
“Goafest 2015 will have a great mix of speakers. Our effort is to get the 2500 plus participants to listen to and interact with the best, the world has to offer. As in the previous years, we will have stimulating Q&A sessions moderated by senior marketing professionals,” said AAAI president MG Parameswaran.
Goafest has been skewed towards the youth since its inception. “Fifty per cent of the people attending are under the age of 30 years and we continue to encourage them to come for the three day festival,” added Chopra.
Explaining the flow of events during Goafest, Chopra informed that while the Advertising Conclave will be held on day one, the knowledge seminars will take place on the second and third day.
“There will be a Leadership Summit on 11 April, which will bring together best minds in the field of advertising, communications and marketing industry to discuss, debate, interact, offer thoughts and experiences, share ideas and questions on the industry,” he informed, adding that the programmes will also have a series of presentations from leaders in their respective fields and panel debates.
Goafest 2015 will also see the introduction of Youth Labs for young delegates. “These Youth Labs will have a separate Creative Lab and Media Lab. The aim of these Youth Labs will be to provide a platform for youngsters to interact with the stalwarts of the industry and get them to sharpen and hone their skills,” said Chopra.
The tenth year celebration will be grander, and in keeping with this, the organizers have roped in professionals to host the award ceremonies. “You will see a huge difference in the awards ceremony as compared to the previous year,” opined Parameswaran.
As for the awards and awards category, not much has changed from the previous year. “The feedback that we got about the previous edition of Goafest was that it was spot on, and so we decided to not bring in too many changes in the awards this year,” informed Chandwani.
The organising committee has reinstated Radio Craft award this year, which was removed in the previous edition. According to Chandwani, digital is the most evolving category and thus it is this category which sees the maximum changes every year. “But this year, only a few categories have been merged, everything else remains unchanged,” informed Chandwani.
The award shows for various verticals will be held on:
9 April: Media and Publisher Abby Awards
10 April: Design, Direct, Brand activation and promotion, Public Relations, Out of Home and Ambient Media, Print Craft, Branded Content and Entertainment and Broadcaster Abby Awards
11 April: Digital & Mobile, Radio, Radio Craft, Print, Film, Film Craft and Integrated Advertising Abby Awards
Talking about the purpose of the event, Parameswaran said that it was to bring pride and belongingness to the industry. “Through this, we wanted to inspire the young people to stay in the advertising industry and grow it,” he added.
While every year, the festival has a theme, the organising committee is calling this year as the ’10 years of Goafest.’
The big question that is currently hovering around the fest is if the big names like Ogilvy & Mather and McCann Worldgroup among others will participate in this edition of Goafest. When quizzed on their participation, Chopra said, “We are talking to the agencies. Our job is to put up a good show and so we are in conversation with everyone. Now whether they participate or not, is up to them.”
It can be noted that in 2014, both Oglivy & Mather and McCann Worldgroup along with Creativeland Asia, BBDO, Leo Burnett and Grey did not participate in the Creative Abbies, following controversies.
Controversies aside, the organisers, controversies are expecting a great turnout in this season. “Last year 275 companies had sent entries and 240 companies had sent delegates,” informed Chandwani.
MAM
India’s financial sector spent less on TV ads in 2025 but flooded the internet
Banks, insurers and lenders cut tv ads as digital jumps, LIC and Muthoot lead tv and Axis Bank tops online
MUMBAI: India’s banking, financial services and insurance sector, one of the most prolific advertisers in the country, delivered a split verdict on media in 2025. It spent less on television, held its nerve in print, turned up the volume on radio and deluged the internet with a ferocity that left every other medium looking pedestrian. The picture that emerges from TAM AdEx’s cross-media report for the BFSI sector is of an industry in transition, still wedded to the news bulletin but increasingly seduced by the algorithm.
Television: a retreat with caveats
TV ad volumes for the BFSI sector fell 16 per cent in 2025 compared with 2024, a sharp reversal after two years of consistent growth that had pushed volumes 16 per cent above 2021 levels by 2023 and a further 7 per cent higher by 2024. Within 2025 itself, the drop was concentrated in the middle of the year: the second and third quarters saw ad volumes slide 35 per cent each against the first quarter, with a partial recovery of 13 per cent in the fourth.
The retreat did not reshuffle the deck. Life insurance retained first place among TV categories with 19 per cent of ad volumes, mortgage loans held second with 16 per cent, and the top ten categories together accounted for 82 per cent of all BFSI television advertising. The dominance of news channels was equally pronounced: news claimed 68 per cent of ad volumes, general entertainment channels a distant 14 per cent and movies 12 per cent. Together, news and GEC captured 82 per cent of the sector’s television spend. News bulletins alone took 48 per cent of programme-genre volumes, with feature films second at 12 per cent. Prime time, between 6pm and 11pm, drew 34 per cent of ad volumes, followed by afternoon at 22 per cent and morning at 20 per cent. A full 82 per cent of all ads ran between 20 and 40 seconds.
Life Insurance Corporation of India was the sector’s biggest TV spender with 11 per cent of ad volumes. Muthoot Financial Enterprises came second with 9 per cent, followed by National Payments Corporation of India at 6 per cent, Tata AIG General Insurance at 5 per cent and State Bank of India at 5 per cent. The top ten advertisers together accounted for 51 per cent of total TV volumes. Three names were new to the top ten in 2025: Tata AIG General Insurance, IIFL Finance and Tata Capital. At brand level, Muthoot Finance Loan Against Gold led with 9 per cent share, Tata AIG Health Insurance entered the top ten for the first time, and the top ten brands together contributed 35 per cent of ad volumes.
Print: the long climb continues
Print told a different story. Ad space for the BFSI sector has grown every year since 2021, rising 16 per cent in 2022, 30 per cent in 2023, 51 per cent in 2024 and 64 per cent in 2025, all measured against a 2021 baseline. Within 2025, ad space was flat in the second quarter but surged 46 per cent in the third and 33 per cent in the fourth compared with the first. Life insurance led print categories with 21 per cent of ad space, followed by mutual funds and banking services and products at 13 per cent each, and corporate financial institutes at 11 per cent. The top ten categories together took 82 per cent of print ad space. LIC led print advertisers with 6 per cent share, and the top ten together covered just 19 per cent of ad space, a reflection of how fragmented print spending remains. Three new entrants joined the top ten in 2025, with Billion Brains Garage Ventures the only exclusive presence not seen in 2024’s list. In the top ten brands, LIC dominated with a 2 per cent share, while Nippon India Mutual Fund rose to third position from fourth in 2024. English accounted for 62 per cent of print ad space, Hindi for 20 per cent. Business and finance publications took 59 per cent of the genre split. The south zone led regional spending with 33 per cent of print ad space, Bangalore topping that zone, while New Delhi and Mumbai were the leading cities nationally.
Radio: louder than ever
Radio ad volumes for the BFSI sector have climbed steadily, rising 12 per cent above 2021 levels in 2023, 36 per cent in 2024 and 45 per cent in 2025. The quarterly pattern within 2025 was volatile: a sharp drop of 43 per cent in the second quarter and 42 per cent in the third, followed by a near-full recovery in the fourth. Life insurance led radio categories with 22 per cent of volumes, banking services and products second at 14 per cent and corporate NBFCs third at 11 per cent. LIC of India held its position as the leading radio advertiser with 20 per cent of ad volumes; the top ten radio advertisers together covered 69 per cent. Muthoot Financial Enterprises led radio brands with 10 per cent share, five of the top ten brands belonged to LIC alone, and SBI Mutual Fund made a remarkable leap to fifth position from 272nd in 2024. Evening and morning time-bands together captured 84 per cent of radio ad volumes, with evenings at 44 per cent and mornings at 40 per cent. Maharashtra was the leading state for radio BFSI advertising with 18 per cent share; Maharashtra, Gujarat and Uttar Pradesh together accounted for 43 per cent.
Digital: the five-times surge
If one number defines the 2025 BFSI advertising story, it is five. Digital ad impressions for the sector multiplied fivefold between 2021 and 2025, having already doubled in 2023 and doubled again in 2024 before the 2025 leap. Within the year, impressions dipped 19 per cent in the second quarter and 12 per cent in the third before recovering 8 per cent above the first quarter by the fourth. Banking services and products led digital categories with 27 per cent of impressions, life insurance and credit cards tied at 19 per cent each, and securities and sharebroking organisations fell from first place in 2024 to fourth in 2025. Axis Bank was the runaway leader among digital advertisers with 12 per cent of impressions, followed by ICICI Bank at 9 per cent, IDFC First Bank at 7 per cent and Kotak Mahindra Bank at 6 per cent. The top ten digital advertisers covered 59 per cent of impressions, and seven of them were new entrants compared with 2024, signalling rapid churn in the digital spending hierarchy. At brand level, Axis Bank led with 9 per cent, ICICI HPCL Super Saver Credit Card vaulted to third place from 921st in 2024, and six of the top ten digital brands were new to the list. Programmatic buying accounted for 91 per cent of all digital BFSI transactions; combined with ad networks, it captured 96 per cent.
The data from TAM AdEx paints the portrait of a sector that still believes in the power of the television news bulletin to sell insurance to the masses, but increasingly knows that the next generation of borrowers, investors and cardholders is scrolling, not watching. The race is now on to reach them before the algorithm serves up someone else’s loan offer first.
