Growth of Banking Sector - Infographic

Compared to the world's developed nations, 40% of the world's total digital transactions happen in India.

Advantage India

Robust
Demand

*Increase in working population and growing disposable income will raise the demand for banking and related services.

*By 2025, India's fintech market is expected to reach Rs. 6.2 trillion (US$ 83.48 billion).

Robust Demand Icon

Innovation in
Services

* Mobile, internet banking and extension of facilities at ATMs will improve operational efficiency.

* RBI announced the launch of its first global hackathon 'HARBINGER 2021 – Innovation for Transformation' with the theme ‘Smarter Digital Payments’.

Opportunities in MRO

Business
Fundamentals

* Rising fee incomes are improving the revenue mix of banks.

* High net interest margins along with low NPA levels will ensure healthy business fundamentals.

Policy Support

Policy
Support

* Wide policy support in the form of private sector participation and liquidity infusion.

* RBI launched the ‘RBI Retail Direct Scheme’ for retail investors to increase retail participation in government securities.

Increasing Investments
Last updated: Dec, 2022

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