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NewswireToday - /newswire/ -
Delhi, New Delhi, India, 03/21/2008 - The rural Indian banking sector has a huge potential that can help the overall banking industry to grow at a much faster pace, says a new report by RNCOS.
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The leading market research company RNCOS has launched its new report on the Indian banking industry, "Opportunities in Indian Banking Sector". After a thorough research on banking sector of India, the report said that it is different from the banking sector of other countries because of the country’s social, economic and geographical characteristics.
The report discusses how Indian banking sector has emerged from a sluggish business entity to a proactive institution and is now forging ahead dramatically. It identifies the factors that have propelled the growth in the Indian banking sector. It comprehensively evaluates the growth of Indian economy and studies how the rising economy of India is supporting the growth of its banking sector.
The RNCOS research also looks into the factors that are driving the Indian banking sector, including industry credit, NPA, housing finance, and bankable households, and also reveals how these factors could boost the banking sector of India. The report, after thoroughly observing all these factors, forecasts that the Indian banking sector will grow at a CAGR of around 23.3% by 2011.
The market research report compares the banking sectors of rural and urban India to find that the rural banking sector is still under-penetrated in the country. The development in the field of rural banking sector is lagging behind when compared with the development of urban banking sector. It reveals that rural market has a huge potential that can add-on to the growth of the overall Indian banking sector in future.
A senior research analyst at RNCOS commented, “Corporate sectors and banks are increasingly inclining towards rural India because of valid reasons.” The report identified these reasons. The panoptic study on the Indian banking sector also examines the role of technology in reaching out rural masses and how it can help in raising the level of banking services in the rural India.
"Opportunities in Indian Banking Sector" gives an insight into the banking sector of India by evaluating and contemplating on different factors like asset size and the level of income. The report would definitely help clients to identify various products available and their future scope in the Indian banking sector. It further discusses the challenges and opportunities that are important for the growth of banking sector in India.
About RNCOS
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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