Press Release Summary = RNCOS Research: (http://www.marketsmonitor.com/category/IM037.html) Growing phenomenally, the retail-banking sector in India offers tremendous benefits and growth opportunities for both consumers and investors.
Press Release Body = RNCOS Research: (http://www.marketsmonitor.com/category/IM037.html) Retail banking in India operates in a highly saturated and competitive market. Attaining the essential performance improvements, which eventually help in earning huge revenues and controlling the costs, is considered to be the main stimulator behind this phenomenal growth of the Indian retail-banking sector. However, the focus of the retail-banking sector is on predicting and tracking the main drivers of revenue, cost and productivity, so that corrective measures can be taken timely.
With the introduction of Internet banking, the services have become more transparent to consumers now as they can easily check and compare the services offered by other banks.
Retail banking in India is facing extreme competition from its counterparts in other developed nations. On top of the challenges that are posed by the competitors before the retail-banking sector in India, the regulations imposed by the apex body over the industry façade true challenge before the industry.
A recent market research report named "Indian Retail Banking Sector Analysis (2006)", published by RNCOS- a leading market research and analysis firm, offers detailed analysis and description of each and every aspect of the retail-banking sector in India.
As per the report, "During the years 2000-2005, the entire assets of the banking industry increased with a Compound Annual Growth Rate of 14% touching a worth of $523 billion from $271 billion, whereas the profits jumped at a Compound Annual Growth Rate of 26% touching a worth of $5.2 billion from $1.55 billion".
Along with discussing past trends and present scenario, the report also provides a complete overview of the Indian retail banking industry. The opportunities and challenges that exist before the retail-banking sector in India are covered in the report, which also discusses the plans and strategies adopted by the major government and private firms for the growth of the industry. Besides listing the key players in this sector, the report also provides market prediction for the years to come.
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2022
