Press release
Retail Banking Industry in India Next Big Thing | Axis Bank Limited, Bank of Baroda, HDFC Bank, ICICI Bank, State Bank of India, Yes Bank
A new research document is added in HTF MI database of 90 pages, titled as 'Retail Banking Industry in India 2020’ with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe or Asia and important players/vendors such as Allahabad Bank Limited, Axis Bank Limited, Bandhan Bank Limited, Bank of Baroda Limited, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited, RBL Bank Limited, State Bank of India Limited, Yes Bank Limited. The Study will help you gain market insights, upcoming trends and influencing growth prospects for forecast period of 2025.
Get Free Sample Copy Before Purchase: https://www.htfmarketreport.com/sample-report/2577617-retail-banking-industry
Summary
The retail banking sector, currently comprises a network of ~96,068 branches of public sector, private sector, foreign, regional, rural, and cooperative banks (urban and rural). During the
FY 2014-FY 2019 period, deposit at SCBs expanded at a compound annual growth rate (CAGR) of ~10.39% to reach INR 1,30,430.12 Bn in FY 2019 from its FY 2014 value of INR 79,556.90 Bn.
Various government initiatives like increasing the number of banks’ public service units in rural areas, the Pradhan Mantri Jan Dhan Yojana program, free credit and debit cards with low transaction limits and promotion of technology-based banking systems are driving the growth of the retail banking sector of India.
Major players operating in the Indian retail banking industry include Yes Bank Limited, Axis Bank Limited, Bandhan Bank Limited, State Bank of India Limited and HDFC Bank Limited.
Market segment insights
As of FY 2018, in terms of deposit, public sector banks held the highest market share (~70.06%), followed by private sector banks. In FY 2018, SCBs opened around 1,594 new branches in tier I cities across India, which accounts for ~40.37% of the overall new branches opened during the year. During the same period, public sector banks had around 82,730 on-site ATMs and about 63,234 off-site ATMs across India. Among these, most public sector bank ATMs are in the semi-urban regions.
Key growth drivers of the market
In order to increase the penetration of services across India, SCBs have introduced facilities like opening a zero-balance savings account for the low-income population group in rural areas. Government-led, bank-based pension and insurance schemes like Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojana have also propelled the growth of the retail banking industry in India.
Owing such customer-centric facilities, the penetration level of the banking sector in India had reached ~80% in FY 2018. The introduction of internet-based banking facilities has made transactions easier, thereby increasing the account-to-account transaction volume across the country.
Key deterrents to the growth of the market
Apart from banking, the popularity of internet-based banking has made it easy for hackers to engage in fraudulent activities. Crimes related to credit card fraud, spamming, spoofing, e-money laundering, ATM fraud, phishing, identity theft and credit through unauthorized cheque increased in India in FY 2019, as compared to that of FY 2018. This, in turn, has led to customers’ dissatisfaction and loss of trust towards web-based banking.
Companies covered
• Allahabad Bank Limited
• Axis Bank Limited
• Bandhan Bank Limited
• Bank of Baroda Limited
• HDFC Bank Limited
• ICICI Bank Limited
• Kotak Mahindra Bank Limited
• RBL Bank Limited
• State Bank of India Limited
• Yes Bank Limited
Get Customization in the Report, Enquire Now @ https://www.htfmarketreport.com/enquiry-before-buy/2577617-retail-banking-industry
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
3.2. Evolution of the banking sector in India
Chapter 4: Market overview
4.1. India retail banking market overview
4.1.1. Current banking rates set by the RBI (FY 2020)
4.1.2. Credit off-take of scheduled commercial banks during FY 2014-FY 2019
4.1.3. Deposits in scheduled commercial banks during FY 2014-FY 2019
4.1.4. Region-wise and population group-wise distribution of aggregate deposits with scheduled commercial banks – FY 2019 Q1 vs FY 2020 Q1
4.2. India retail banking market segmentation
4.2.1. Categor
....Continued
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2577617-retail-banking-industry
It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.
Buy this report @ https://www.htfmarketreport.com/buy-now?format=1&report=2577617
Contact US :
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
Connect with us at LinkedIn | Facebook | Twitter
About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
Get Free Sample Copy Before Purchase: https://www.htfmarketreport.com/sample-report/2577617-retail-banking-industry
Summary
The retail banking sector, currently comprises a network of ~96,068 branches of public sector, private sector, foreign, regional, rural, and cooperative banks (urban and rural). During the
FY 2014-FY 2019 period, deposit at SCBs expanded at a compound annual growth rate (CAGR) of ~10.39% to reach INR 1,30,430.12 Bn in FY 2019 from its FY 2014 value of INR 79,556.90 Bn.
Various government initiatives like increasing the number of banks’ public service units in rural areas, the Pradhan Mantri Jan Dhan Yojana program, free credit and debit cards with low transaction limits and promotion of technology-based banking systems are driving the growth of the retail banking sector of India.
Major players operating in the Indian retail banking industry include Yes Bank Limited, Axis Bank Limited, Bandhan Bank Limited, State Bank of India Limited and HDFC Bank Limited.
Market segment insights
As of FY 2018, in terms of deposit, public sector banks held the highest market share (~70.06%), followed by private sector banks. In FY 2018, SCBs opened around 1,594 new branches in tier I cities across India, which accounts for ~40.37% of the overall new branches opened during the year. During the same period, public sector banks had around 82,730 on-site ATMs and about 63,234 off-site ATMs across India. Among these, most public sector bank ATMs are in the semi-urban regions.
Key growth drivers of the market
In order to increase the penetration of services across India, SCBs have introduced facilities like opening a zero-balance savings account for the low-income population group in rural areas. Government-led, bank-based pension and insurance schemes like Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojana have also propelled the growth of the retail banking industry in India.
Owing such customer-centric facilities, the penetration level of the banking sector in India had reached ~80% in FY 2018. The introduction of internet-based banking facilities has made transactions easier, thereby increasing the account-to-account transaction volume across the country.
Key deterrents to the growth of the market
Apart from banking, the popularity of internet-based banking has made it easy for hackers to engage in fraudulent activities. Crimes related to credit card fraud, spamming, spoofing, e-money laundering, ATM fraud, phishing, identity theft and credit through unauthorized cheque increased in India in FY 2019, as compared to that of FY 2018. This, in turn, has led to customers’ dissatisfaction and loss of trust towards web-based banking.
Companies covered
• Allahabad Bank Limited
• Axis Bank Limited
• Bandhan Bank Limited
• Bank of Baroda Limited
• HDFC Bank Limited
• ICICI Bank Limited
• Kotak Mahindra Bank Limited
• RBL Bank Limited
• State Bank of India Limited
• Yes Bank Limited
Get Customization in the Report, Enquire Now @ https://www.htfmarketreport.com/enquiry-before-buy/2577617-retail-banking-industry
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
3.2. Evolution of the banking sector in India
Chapter 4: Market overview
4.1. India retail banking market overview
4.1.1. Current banking rates set by the RBI (FY 2020)
4.1.2. Credit off-take of scheduled commercial banks during FY 2014-FY 2019
4.1.3. Deposits in scheduled commercial banks during FY 2014-FY 2019
4.1.4. Region-wise and population group-wise distribution of aggregate deposits with scheduled commercial banks – FY 2019 Q1 vs FY 2020 Q1
4.2. India retail banking market segmentation
4.2.1. Categor
....Continued
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2577617-retail-banking-industry
It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.
Buy this report @ https://www.htfmarketreport.com/buy-now?format=1&report=2577617
Contact US :
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
Connect with us at LinkedIn | Facebook | Twitter
About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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