The RNCOS report - "Opportunities in Indian Banking Sector" - provides extensive research and rational analysis on the Indian banking industry. This report has been made to help clients to evaluate the opportunities, challenges and driving forces critical to the growth of banking industry in India.
The forecast given in this report is not based on a complex economic model but is intended as a rough guide to the direction in which the market is likely to move. The future projection is done on the basis of the current market scenario, past trends, and rules and regulations laid by the regulator and supervisor of the financial system, Reserve Bank of India (RBI).
The report provides detailed overview of the Indian banking industry by contemplating and analyzing various parameters like assets size, and income level. It helps clients to understand various products available in the Indian banking industry and their future scope.
The future forecast discusses the future prospects of different arms of banking industry including rural banking, bancassurance, financial cards, mobile banking, role of technology in rural banking, pension funds, and the future course of action and strategies for pension fund industry to be taken at macro level.
Key Findings of the Report
- Pension fund industry in India grew at a CAGR of 122.44% from 1999-00 to 2006-07.
- Rural and semi-urban India is expected to account for 58.33% of the insurance sector by 2010.
- In terms of ownership, debit cards are more in number than credit cards but in terms of transactions, credit cards are used more than debit cards.
- The ATM outlets in India increased at a CAGR of 28.09% from March 2006 to March 2007.
- Rural and semi-urban centers account for 66% of total bank branches.
- Indian Mutual Fund industry witnessed a growth of 49.88% from May 2006 to May 2007, and higher growth is recorded in closed ended schemes at 215.61%.
- Increasing number of millionaires in India is increasing the scope of Wealth Management Services.
- Bankable households in India are anticipated to grow at a CAGR of 28.10% during 2007-2011.
- Investment by banking sector in Information Technology is expected to increase at 18% in 2007 from last year.
Key Issues & Facts Analyzed in the Report
- Market analysis of different product segments in the banking industry.
- Evaluation of current market trends.
- Basel II Accord and capital requirement by Indian Banking Industry.
- Role of technology in banking industry.
- Pension fund industry in India.
- Urban Vs rural banking in terms of deposit, branches, and credit and future outlook of rural banking.
- Drivers and constraints for credit and debit cards industry in India.
- Analysis of various challenges and opportunities for the industry.
Key Players Analyzed
This section covers the key facts about the major players (including Public, Private, and Foreign sector) in the Indian banking industry, including Bank of Baroda, State Bank of India, Canara Bank, Punjab National Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Citibank, Standard Chartered Bank, HSBC Bank, ABN AMRO Bank, American Express, etc.
Research Methodology Used
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.