This report covers the whole gamut of banks and banking related activities in India. Indian banking industry serves many people –from individuals to corporates. The industry not only helps these people but also helps in the progress of the economy of the country. Some of the known banks are State bank of India, HDFC bank, ICICI bank etc. The competition in the industry is not very strong as the Indian market still consists of large untapped potential. India has a lot of potential and can be explored thoroughly.
According to the data collected, 59% of the adult population has bank accounts and in rural areas the coverage is only 39% where as 60% in urban area. Several reasons contribute to the development of the Indian banking industry like the regulatory system, population size etc.
Indian banking industry also faces a lot of hurdles like low skilled employees, low innovation etc. Irrespective of these, Indian banking industry has proved its credibility in the recent global crisis, by sustaining and recovering the fastest in comparison with the countries in the globe. Indian banking industry has lot of opportunities that can make Indian banking a global player.
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Report Title: Banking in India
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