Press release
Retail Banking Market Industry Outlook, Size, Share, Growth Prospects, Key Opportunities, Trends and Forecasts 2020-2024
A new report by Reports titled, Global Retail Banking Market has been released with trustworthy information and accurate forecasts for a better understanding of the present market scenario. The report offers an in-depth analysis of the global market, including qualitative insights, historical data, and verifiable projections about the market size and share.
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.
Download Free Sample PDF Copy of this Report at: https://www.supplydemandmarketresearch.com/home/contact/1013713?ref=Sample-and-Brochure&toccode=SDMRBA1013713
This part of the report includes detailed information of the market in different regions. Each region offers different scope to the market as each region has different government policy and other factors. The regions included in the report are North America, South America, Europe, Asia Pacific, and the Middle East.
Top leading companies of the global market are:
o Allahabad Bank Limited
o Axis Bank Limited
o Bandhan Bank Limited
o Bank of Baroda Limited
o HDFC Bank Limited
o ICICI Bank Limited
o Kotak Mahindra Bank Limited
o RBL Bank Limited
o State Bank of India Limited
o Yes 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.
Ask For Discount at: https://www.supplydemandmarketresearch.com/home/contact/1013713?ref=Discount&toccode=SDMRBA1013713
Key Highlights points of Retail Banking Market:
1) Competitive study of the major Retail Banking market players will help in analyzing the market driving and business strategies.
2) Analysis of necessary trends impacting to build-up of the market.
3) The deep research study of market based on development opportunities, growth limiting factors and feasibility of investment will forecast the market growth.
4) Analysis of trending factors will be influencing the Market shares in next few years.
5) Establish business expansion plans by referring to substantial growth and projection of emerging markets.
6) The report elaborates on the product sales, revenue accumulated, price patterns, and gross margins.
Furthermore, the study provides a comprehensive overview of regional distribution and the overview of product types in the market. It explains how key companies and mid-level manufacturers are making a profit within the Retail Banking industry. In short, the report on Retail Banking is an esteemed source for both the individuals as well as the businesses as it provides detailed SWOT analysis and new project investments feasibility study.
Read More: https://www.supplydemandmarketresearch.com/retail-banking-industry-in-india-1013713
Contact us:
Supply Demand Market Research
Nimesh.H
Office Adress:302-20 Misssisauga Valley Blvd, Missisauga, L5A 3S1, Toronto
Tel-Ph:+1-276-477-5910
E-mail:info@supplydemandmarketresearch.com
About us:
We have a strong network of high powered and experienced global consultants who have about 10+ years of experience in the specific industry to deliver quality research and analysis. Having such an experienced network, our services not only cater to the client who wants the basic reference of market numbers and related high growth areas in the demand side, but also we provide detailed and granular information using which the client can definitely plan the strategies with respect to both supply and demand side.
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.
Download Free Sample PDF Copy of this Report at: https://www.supplydemandmarketresearch.com/home/contact/1013713?ref=Sample-and-Brochure&toccode=SDMRBA1013713
This part of the report includes detailed information of the market in different regions. Each region offers different scope to the market as each region has different government policy and other factors. The regions included in the report are North America, South America, Europe, Asia Pacific, and the Middle East.
Top leading companies of the global market are:
o Allahabad Bank Limited
o Axis Bank Limited
o Bandhan Bank Limited
o Bank of Baroda Limited
o HDFC Bank Limited
o ICICI Bank Limited
o Kotak Mahindra Bank Limited
o RBL Bank Limited
o State Bank of India Limited
o Yes 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.
Ask For Discount at: https://www.supplydemandmarketresearch.com/home/contact/1013713?ref=Discount&toccode=SDMRBA1013713
Key Highlights points of Retail Banking Market:
1) Competitive study of the major Retail Banking market players will help in analyzing the market driving and business strategies.
2) Analysis of necessary trends impacting to build-up of the market.
3) The deep research study of market based on development opportunities, growth limiting factors and feasibility of investment will forecast the market growth.
4) Analysis of trending factors will be influencing the Market shares in next few years.
5) Establish business expansion plans by referring to substantial growth and projection of emerging markets.
6) The report elaborates on the product sales, revenue accumulated, price patterns, and gross margins.
Furthermore, the study provides a comprehensive overview of regional distribution and the overview of product types in the market. It explains how key companies and mid-level manufacturers are making a profit within the Retail Banking industry. In short, the report on Retail Banking is an esteemed source for both the individuals as well as the businesses as it provides detailed SWOT analysis and new project investments feasibility study.
Read More: https://www.supplydemandmarketresearch.com/retail-banking-industry-in-india-1013713
Contact us:
Supply Demand Market Research
Nimesh.H
Office Adress:302-20 Misssisauga Valley Blvd, Missisauga, L5A 3S1, Toronto
Tel-Ph:+1-276-477-5910
E-mail:info@supplydemandmarketresearch.com
About us:
We have a strong network of high powered and experienced global consultants who have about 10+ years of experience in the specific industry to deliver quality research and analysis. Having such an experienced network, our services not only cater to the client who wants the basic reference of market numbers and related high growth areas in the demand side, but also we provide detailed and granular information using which the client can definitely plan the strategies with respect to both supply and demand side.
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