Released on = June 2, 2006, 4:10 am

Press Release Author = RNCOS

Industry = Financial

Press Release Summary = RNCOS Research:(
http://www.marketsmonitor.com/category/IM037.html) India, one of the fastest growing
economies in the world, with the rapid growth in its financial system, is all set to
redefine the concept of banking.

Press Release Body = RNCOS Research:
(http://www.marketsmonitor.com/category/IM037.html)
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.

About RNCOS:
RNCOS, formed in 2002, offers Market Research Reports via MarketsMonitor for your
business needs and aims to put an end to your information pursuit. Our expertise in
gathering global business information for industry research, corporate training,
growth consulting, and business consulting, brings reputed companies and firms to us
for business enhancement solutions. We can be your one-stop-shop for Industry
research information and niche market analysis.

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