/24-7PressRelease/ - NEW DELHI, INDIA, May 31, 2006 - RNCOS Research: (http://www.rncos.com/Report/IM037.htm) Commendable growth has been witnessed in the financial system of India over the past few years. With a chain of more than 65,000 branches, Indian banking system is one of the largest banking networks in the world. There has been a considerable growth in the retail-banking sector in India, which makes up for about 1/5th of the overall bank credit. Typically, the retail banking industry encompasses the services such as credit cards, housing loans, educational loans and auto loans etc.
Retail banking has brought in a drastic makeover in the overall banking scenario in India. The exceptional improvement in the banking system in India is a result of strong initiatives taken up by both the government and private companies.
A recent market research report named, "Indian Retail Banking Sector Analysis (2006)" published by RNCOS provides an exclusive tour to the entire retail-banking industry of India. As per the report, "Mainstream banking and retail banking have become one and the same thing for the past several years now. Approximately, 22% of the total outstanding advances were derived from the retail portfolios of the banks in India till March 2004".
"The contribution of retail banking to the overall banking sector has been outstanding. Growing at a rate of 122%, the retail-banking sector of India managed to reach a worth of $67 billion in the year 2005", as per experts at RNCOS. "The retail banking sector in India should reach a worth of $310 billion by the year 2010", anticipate the experts.
Profiles of key players along with the strategies and plans adopted by them for the growth of the industry are also talked about in it. Besides discussing the present scenario of the financial system in India the report offers a reliable prediction of the market in the years to come. The report is extremely important for the investors and corporates, as it will help them make better strategies for the growth of their business.
To purchase your copy: http://www.rncos.com/Report/IM037.htm
For more information about the report please visit http://www.rncos.com
About RNCOS
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