Banking Industry of India: The changing face

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Because of a continuous and persistent effort by the central government in improving the banking technology and promoting banking habit amongst the non-banking population of India, the Indian banking industry has been witnessing a persistent growth. During FY06–17, deposits grew at a CAGR of 12.03 per cent and reached 1.54 trillion by FY17. With the Read More

The Indian Banking System

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The Indian banking system consists of 27 public sector banks, 21 private sector banks, 45 foreign banks, 56 regional rural banks, 1,589 urban cooperative banks and 93,550 rural cooperative banks, in addition to cooperative credit institutions.   As of Q1 FY18, total credit extended by commercial banks surged to US$ 1,217.19 billion and deposits grew Read More