Public-sector banks control nearly 80 percent of the market, thereby leaving comparatively much smaller shares for its private peers.
INDIAN BANKING INDUSTRY AT A GLANCE IN 2016 - 2017
The Indian banking system consists of 26 public sector banks, 25 private sector banks, 43 foreign banks, 56 regional rural banks, 1,589 urban cooperative banks and 93,550 rural cooperative banks, in addition to cooperative credit institutions.
Public-sector banks control nearly 80 percent of the market, thereby leaving comparatively much smaller shares for its private peers.
Standard & Poor’s estimates that credit growth in India’s banking sector would improve to 11-13 per cent in FY17 from less than 10 per cent in the second half of CY14.
Public-sector banks control nearly 80 percent of the market, thereby leaving comparatively much smaller shares for its private peers.