Overview
Strong growth in savings amid rising disposable income levels are the major factors influencing
deposit growth in the Indian Banking Sector. During FY06–17, deposits grew at a CAGR of
12.03 per cent and reached 1.54 trillion by FY171.
ICRA estimates that credit growth in India’s banking sector was at 7-8 per cent in FY 2017-18.
As per the Reserve Bank of India (RBI), India’s banking sector is sufficiently capitalised and
well-regulated. Post-demonetization the Banking industry has performed well. The financial and
economic conditions in the country are far superior to any other country in the world. Credit,
market and liquidity risk studies suggest that Indian banks are generally resilient and have
withstood the global downturn well not to mention their Non-performing Assets.
The digital payments system in India has evolved the most when compared to the other
developed countries and is making great strides.
In August 2017, Global rating agency Moody's announced that its outlook for the Indian banking
system was stable.
Industry Forecast
Total banking assets in India is expected to cross US$ 28.5 trillion in FY25.
INDIAN BankING INDUSTRY AT A Glance IN 2016 - 2017
INDIAN BankING INDUSTRY AT A Glance IN 2015 - 2016
INDIAN BankING INDUSTRY AT A Glance IN 2014 - 2015
INDIAN BankING INDUSTRY AT A Glance IN 2013 - 2014
INDIAN BankING INDUSTRY AT A Glance IN 2012 - 2013
INDIAN BankING INDUSTRY AT A Glance IN 2011 - 2012
Indian Banks' Association (IBA)
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