Released on = June 14, 2006, 12:07 am

Press Release Author = RNCOS

Industry = Financial

Press Release Summary = RNCOS Research:
(http://www.marketsmonitor.com/category/FM005.html) Banking was never so convenient
and accessible for people living in rural areas of India as it has become now with
the introduction of proxy banking.

Press Release Body = RNCOS Research:
(http://www.marketsmonitor.com/category/FM005.html) Proxy banking is a revolutionary
concept in the world of banking, which will enable people living in rural parts of
India take advantage of the various benefits offered by this new system. With proxy
banking being put in practice, people living in rural areas can also avail mutual
funds, equity trading and insurance, which were quite inaccessible for them
previously.

Farmers who cultivate castor, groundnut, paddy crop, soya, etc can now insure the
expensive crops, as proxy banking provides them insurance for their crop against any
natural or unnatural calamity.

Proxy banking is seen as a major step towards the improvement of the present
financial state of people living in the villages in India. The main reasons why
proxy banking is becoming a subject of curiosity among the people living in rural
areas include; more than sixty percent of rural households have no bank accounts as
yet, whereas just twenty percent of the rural households can obtain credit from a
formal source. Also, branch banking is not a feasible option in rural areas.

As per a recent market research report titled "Indian Banking Sector Analysis
(2006-2007)", published by RNCOS, "Proxy banking entails the benefits such as easy
availability of loans given to villagers for buying buffaloes, setting up a tea
shop, life and crop insurance etc".

As per experts at RNCOS, "Proxy Banking is an innovation in banking system that will
simplify agricultural lending and also add to the increasing base of kisan credit
cards".

A few of the questions the report answers are:

§ What are the current trends in the banking industry in India?
§ Who are the key players in this sector?
§ What are the policies and reforms taken up by the government for the further
growth of the industry?
§ What are the opportunities and challenges before the banking sector in India?

Detailed discussion of every aspect of banking in India along with statistical
information about the industry is covered in this report. It also lists the profiles
of the key players in this sector. The report is an extremely useful document for
both the investors as well as businesses, as it offers an in-depth analysis of the
current scenario of banking sector in India plus provides forecasts for the years to
come.

About RNCOS:
RNCOS, incorporated in 2002, provides 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.

To purchase your copy: http://www.marketsmonitor.com/category/FM005.html
For more information about the report please visit www.marketsmonitor.com


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Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial area, Delhi 92
91-11-4214-1229
info@rncos.com