India Banking Industry By Total Number of Banks in India (Bank Type), By Total Deposits in India (Deposit Type, Bank Type, Region), By Total Credit/Lending in India (End Use Sector, Bank Type, Region), By Total Assets (Type of Banks), By Total Foreign Currency Reserves in India (Type of Reserve), By Total Number of ATMs in India (Bank Type), By Total Interest Income and Other Income (Type of Banks), Opportunities, 2015-2022

India's banking industry is anticipated to project robust growth in the forecast period on account of the surging population base of India, digital banking experience, rising awareness for systematic loans and subsidized interest rates.

The RBI is in charge of India's banking system, which consists of cooperative and commercial banks. Scheduled Commercial Banks (SCBs) and Non-Scheduled Commercial Banks are both classified as commercial banks. While cooperative banks include both urban and rural lenders. SCBs are further divided into private, public, and foreign banks as well as Regional Rural Banks (RRBs).

In India, Public Sector Banks (PSBs) is a significant category of government-owned banks. The Ministry of Finance of the Government of India or state ministries of finance of various state governments hold a majority stake (> 50%). In India, public sector banks predominate in loan issuance and deposit collection, though competition has grown significantly over time as the private sector and foreign banks have emerged.

The majority of the remaining deposits were held by private sector banks, with public sector banks (PSBs) accounting for roughly 70% of the total. Furthermore, the cooperative credit institutions of the Indian banking system include 12 public sector banks, 21 private sector banks, 44 foreign banks, 43 regional rural banks, 1,484 urban cooperative banks, and 96,000 rural cooperative banks.

Bank assets increased in all sectors in 2020–2022. In March 2022, the total assets of the banking industry (including public and private sector banks, foreign banks, small finance banks, and payment banks) rose to USD29.08 billion. The combined assets of the public and private banking sectors were respectively USD17.05 billion and USD9.89 billion in 2022. The Public Credit Registry (PCR), a sizable credit database open to all stakeholders, has been established by RBI. It is anticipated that the passing of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017 Bill will strengthen the banking industry.

The number of bank accounts opened as of June 1, 2022, under the government's major initiative for financial inclusion, "Pradhan Mantri Jan Dhan Yojana (PMJDY)" reached 45.60 crores, with deposits totaling Rs. 1.68 trillion (USD21.56 billion) in the Jan Dhan bank accountsl. Rising income is anticipated to increase the demand for banking services in rural areas and, as a result, fuel the sector's expansion. With 82% of all online lenders worldwide, India has the largest market for Android-based mobile lending apps. There are currently 887 active lending apps in India. The way credit is distributed in India will undergo significant change as a result of the digital payments revolution. After demonetization, debit cards have largely taken the place of credit cards as the preferred method of payment in India. Unified Payments Interface (UPI) data shows that there were 5.95 billion transactions in May 2022 totaling Rs.10.41 trillion (USD 133.46 billion).

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Significant Mergers and Acquisitions in the Industry

In recent years, a variety of private and public sector banks within the Indian banking industry had gone  transformational phase of mergers and acquisitions to combat the pertaining industry competition. The capital base of the anchor bank grows as a result of the merger. Furthermore, it provides the bank with access to a bigger money supply, enabling it to decide on stringent lending criteria. Consequently, the government wouldn't need to invest as much money in recapitalization, which would reduce the cost. In terms of operations and efficiency, mergers and acquisitions also assist banks in scaling up. They avoid the need to create such capabilities from scratch by filling in technological and financial gaps. It would also optimize costs between branches.

For instance, HDFC Bank announced a transformational merger with HDFC Limited in April 2022. Similarly, Kotak Mahindra Bank announced in November 2021 that it had successfully acquired a 9.98% stake in KFin Technologies for Rs. 310 crores (USD 41.62 million) for its digital banking. In August 2019, PM Narendra Modi announced a massive merger of India's 10 public sector undertaking (PSU) banks into anchor banks such as the merger of Oriental Bank of Commerce and United Bank of India (UBI) withPSU bank Punjab National Bank (PNB), and merger of ndian Bank with PSU bank Allahabad Bank. Union Bank of India (UBI) became the anchor bank for Corporation Bank and Andhra Bank even as Canara Bank became the anchor bank for the Syndicate Bank.

Expanding banking outreach aids Industry Growth

One of the main goals of the Indian state has been to expand banking outreach while also digitalizing. The Pradhan Mantri Jan Dhan Yojana, one of the largest national programs in recent years, increased the affordability and accessibility of many financial services for economically disadvantaged groups in society. The program makes it possible for people without savings accounts to open an account without having to have a certain minimum balance. For instance, on June 20, 2022, 45.60 crore bank accounts were opened as part of the government's major initiative for financial inclusion, the Pradhan Mantri Jan Dhan Yojana (PMJDY), and 1.68 trillion rupees (USD 21.56 billion) were deposited into Jan Dhan bank accounts. Additionally, the government and RBI have encouraged the banking industry to expand its network into the vast rural interior of the country.

Industry Segmentation

The India Banking industry is segmented based on the Total Number of Banks in India, by Total Deposits in India, by Total Credit/Lending in India, by Total Assets, by Total Foreign Currency Reserves in India, and by Total Number of ATMs in India into Bank Type. The market analysis also studies the Total interest income and other income segmentation to devise the Type of Banks.

Company Profiles

State Bank of India, HDFC Bank Limited, ICICI Bank Limited, Canara Bank, Punjab National Bank, Union Bank of India, Bank of Baroda, Axis Bank Limited, Kotak Mahindra Bank Limited, Bank of India, are among the major market players in India that lead the market growth of the India Banking Market.

Report Scope:

In this report, India Banking industry has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Banking industry, By Total Number of Banks in India, (Volume), 2015-2022:
• By Bank Type
• Total Number of Private Banks
• Total Number of Public Banks
• Total Number of Foreign Banks
• Total Number of Regional Rural Banks
• Total Number of Small Finance Banks
• India Banking industry, By Total Deposits in India, (Value), 2015-2022:
• By Deposit Type
• Total Saving Deposits
• Total Current Deposits
• Total Term Deposits
• By Bank Type
• Total Deposits with Public Banks
• Total Deposits with Private Banks
• Total Deposits with Foreign Banks
• Total Deposits with Regional Rural Banks
• Total Deposits with Small Finance Banks
• By Region
• Total Deposits in Central Region
• Total Deposits in Eastern Region
• Total Deposits in North Eastern Region
• Total Deposits in Northern Region
• Total Deposits in Southern Region
• Total Deposits in Western Region
• By End Use Sector
• Total Credit/Lending with Industry Sector
• Total Credit/Lending with Services Sector
• Total Credit/Lending with Agriculture Sector
• Total Credit/Lending with Retail Sector
• By Bank Type
• Total Credit/Lending with Public Banks
• Total Credit/Lending with Private Banks
• By Region
• Total Credit/Lending in Central Region
• Total Credit/Lending in Eastern Region
• Total Credit/Lending in North Eastern Region
• Total Credit/Lending in Northern Region
• Total Credit/Lending in Southern Region
• Total Credit/Lending in Western Region
• India Banking industry, By Total Assets, (Value), 2015-2022:
• By Type of Banks
• Total Assets with Public Sector Banks
• Total Assets with Private Sector Banks
• Total Assets with Foreign Banks
• Total Assets with Small Finance Banks
• Total Assets with Payments Banks
• India Banking industry, By Total Foreign Currency Reserves in India, (Value), 2015-2022
• By Type of Reserve
• Total Reserve with Foreign Currency Assets
• Total Reserve with Gold
• Total Reserve with Special Drawing Rights
• Total Reserve with Reserve Tranche Position in the International Monetary Fund (IMF)
• India Banking industry, By Total Number of ATMs in India, (Volume), 2015-2022
• By Bank Type
• Total Number of Private Bank ATMs
• Total Number of Public Bank ATMs
• Total Number of Foreign Bank ATMs
• India Banking industry, By Total Interest Income and Other Income, (Value), 2015-2022
• By Type of Banks
• Total interest income and other income with Public Sector Banks
• Total interest income and other income with Private Sector Banks
• Total interest income and other income with Foreign Banks
• Total interest income and other income with Small Finance Banks
• Total interest income and other income with Payments Banks

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Banking industry.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).
  

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