India Banking Market is projected
to grow at a double digit CAGR during 2019-2024 owing to rising disposable
income, growing digital payment system in the country, growing bank branch
networks and entrance of the foreign banks in Indian market. Based on bank
type, market has been segmented into Public and Private Sector. The Public
sector dominated the banking market in 2018 and is expected to maintain its
dominance over next five years as well. Moreover, in 2019, Lok Sabha has
approved recapitalisation bonds worth US$ 12.62 billion for public sector banks
which will further boost the demand for public sector market during forecast
period. Furthermore, increasing income in rural areas is anticipated to drive the
need for banking services and programmes like MNREGA have aided in growing
rural income, which was further supported by the recent Jan Dhan Yojana and strong
GDP growth of over 7% facilitated the banking sector expansion in the country.
Moreover, simplification of KYC norms, easy availability of loans, rapid
urbanization, growing demand for retail & corporate loans and government
initiatives like Pradhan Mantri Suraksha Bima Yojana, Atal Pension Yojana etc.,
will further boost the banking market in India. The key players in Banking
market are SBI, Punjab National Bank, Bank of India, among others.
considered for this report:
Years : 2014-2017
Year : 2018
Year : 2019
Period : 2020-2024
Objective of the
- To analyse and forecast the market size of Banking
Market, in terms of value.
- To classify and forecast India Banking Market based
on type, banking sector, company and regional distribution.
- To identify drivers and challenges for India Banking
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
- To identify and analyse the profile of leading
players involved in the India Banking Market.
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Some of the leading players in the
India Banking Market are IndusInd Bank, HDFC Bank, ICICI Bank, Punjab
National Bank, Bank of India, AXIS Bank, Union Bank of India, State Bank of
India, Federal Bank, Karur Vysya Bank etc.
To perform the study, TechSci Research
conducted primary as well as Exhaustive secondary research. Initially, TechSci
Research prepared an exhaustive list of Banking companies and service providers
operating in India. Subsequently, TechSci Research conducted primary research
surveys, which include primary calls, email responses, etc., with the
identified companies. While interviewing, the respondents were also asked about
their major competitors. TechSci Research analysed product offerings, services and
regional presence of all major Banking companies in India.
TechSci Research calculated the market size for India Banking
market using a bottom-up technique, wherein sales value data of different finance
companies was recorded as well as forecast for the future years. TechSci
Research sourced these values from industry experts and company
representatives, and externally validated through analysing historical sales
data of Banking companies to arrive at the overall market size.
- Banking Sectors
- Insurance Sectors
- Financial Service Sectors
- Industry associations and
- Research organizations and
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders,
end users, etc., besides allowing them in strategizing investments and
capitalizing on market opportunities.
In this report, India Banking Market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, By Type:
- Public Sector
- Private Sector
- Market, By
- Retail Banking
- Commercial Banking
- Central Banks
- Investment Banking
- Market, By Region:
Company Profiles: Detailed analysis of the major
companies present in Banking Market.
With the given market data, TechSci
Research offers customizations according the company’s specific needs. The
following customization options are available for the report:
In case you don’t find what
you are looking for, please get in touch with our custom research team at [email protected]
- Detailed analysis and profiling of additional
market players (up to five).