Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that bankable households in India are estimated to move up at a CAGR of 28.10% during 2007-2011.
Bankable households are those deemed eligible to obtain financial services that can lead to income generation, repayment of loans, savings, and the building of assets.
The report, "Booming Indian Retail Banking Sector" analyses the opportunities, challenges and drivers critical to the growth of the retail banking industry in India.
The report also provides the future overview of the industry in terms of assets size, number of financial cardholders and other important features. The future forecast discusses the prospects of different arms of the banking industry, including rural banking, bancassurance, financial cards, mobile banking, role of technology in rural banking and pension funds.
Authors of the report say that the pension fund industry in India grew at a CAGR of 122.44% from 1999-00 to 2006-07. Also, they have found that in terms of ownership, there are more debit cards than credit cards, but credit cards are used more prevalently than debit cards.
The study finds that the outstanding education loan segment is expected to grow at 36.41% from March 2007 up to March 2009 to cross the Rs. 27000 Crore Mark. Additionally, the two-wheeler finance industry is projected to forge ahead at a CAGR of 14.21% till 2009-10 from 2005-06.
The study evaluates the current market trends and factors driving growth in the retail banking industry in India. It contrasts urban vs. rural banking in terms of deposit and credit and highlights the drivers and constraints for the credit and debit card industry in India.
“Booming Indian Retail Banking Sector” is available from Report Buyer.
For more information, see website.
Report Buyer product ID: RCS00337
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