Banking market research in India
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Objectives:
The analysis of the Indian banking services market is aimed at finding up-to-date information and analyzing the market size, consumers and competitors in the market under study, the changes that occurred in 2017-2019, as well as the forecast and trends in the development of the industry in the long term for the period up to 2024.
Content
Part 1. Overview of the Indian banking market
1.1. Definition and Characteristics of the Indian Banking Market
1.2. Dynamics of the volume of the Indian banking market, 2016-2020
1.3. Market structure by type of service provided in India
1.4. Structure of the banking market by Union Territories
1.5. Assessment of current trends and development prospects of the studied market
1.6. Assessment of factors affecting the market
1.7. Analysis of sectoral indicators of financial and economic activity
Part 2. Competitive analysis in the banking market in India
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Bank consumption analysis
3.1. Estimated bank consumption per capita
3.2. Market Saturation and Estimated Market Potential in India
3.3. Description of consumer preferences
3.4. Price analysis
Part 4. Assessment of factors of investment attractiveness of the market
Part 5. Forecast for the development of the banking market until 2025
Part 6. Conclusions on the prospects of creating enterprises in the study area and recommendations for current market operators
Research excerpt
The state of the banking market in India
The banking sector is one of the most important parts of the country's financial system.
The tasks of this sector include:
ensuring uninterrupted service of the national payment system;
ensuring the safety of depositors' funds;
transformation of depositors' funds into loans;
lending to the real sector of the economy, which is included in the asset structure of Indian banks
Using credit funds, both financing of large national projects in India and the issuance of consumer loans, loans for business development (small, medium, large) are carried out.
As of August 1, 2021, 376 operating credit institutions are registered in India. About 90% of this number are banks, of which 62% or 233 banks have a universal license. The share of non-bank credit organizations as of August 2021 is 10% or 36 organizations.
Diagram. Structure of the main operating credit institutions in India as of 01.08.2021/ / , in %
Source: Central Bank of India
Market Dynamics
Since 2018, the growth in intraday lending by the Central Bank of India has been negative. The largest negative growth for the period 2017-2020 (data for 2021 is not complete) was achieved at the end of 2020 and amounted to minus 17,2%. During 2020, against the backdrop of the spread of the COVID19 virus pandemic and the unstable economic situation, the Bank of India issued loans totaling Rs 54 billion. While for the same period in 607, intraday loans were issued in the amount of 2019 billion rupees.
Diagram. Dynamics of the volume of intraday loans issued by the Bank of India, 2017-2021, billion Rs.
Source: Central Bank of India
Forecast
The forecast for the development of the banking market in India should be based on official statistics released by the Central Bank of India. One of the main important indicators of the success of the banking sector will be the dynamics of the central lending rate set by the Bank of India. When setting this rate, the specialists of the Central Bank are guided by economic forecasts and adjust the rate based on indicators of inflation dynamics, monetary conditions, economic activity, and inflationary risks.
Diagram. Dynamics of the central rate set by the Central Bank of India in 2017-2021, %.
Source: Central Bank of India
On July 23, 2021, the Board of Directors of the Bank of India decided to raise the key rate to 6,5% per annum. The Bank of India estimates that in the second quarter of 2021, the Indian economy reached pre-pandemic levels. The contribution to inflation from stable factors increased due to the increase in demand compared to the opportunities to increase output. Taking into account high inflationary expectations, this has significantly shifted the balance of risks for inflation towards pro-inflationary ones and may lead to a longer upward deviation of inflation from the target.
The adopted decision on the key rate is aimed at limiting this risk and returning inflation to 4%.
According to the forecast of the Bank of India, annual inflation will be 5,7-6,2% in 2021. Taking into account the ongoing monetary policy, annual inflation will decrease to 4,0–4,5% in 2022 and will remain close to 4% in the future.
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