Summary
Banks in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Indian banking industry recorded assets of $3,327.3 billion in 2024, representing a compound annual growth rate (CAGR) of 9.3% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $2,295.4 billion, equivalent to 69.0% of the industry's overall value.
- The Indian banking industry grew by 15.0% in 2024, primarily driven by the rise in consumer credit, as individuals increasingly relied on loans for housing, education, and personal consumption. The growth is attributed to the boost in Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts and rise in lending interest rates. According to Invest India, PMJDY accounts increased by more than three times, from 147.2 million in March 2015 to over 531.4 million in August 2024.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in India
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India banks market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the India banks market by value in 2024?
- What will be the size of the India banks market in 2029?
- What factors are affecting the strength of competition in the India banks market?
- How has the market performed over the last five years?
- Who are the top competitors in India's banks market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. Axis Bank Ltd
8.2. HDFC Bank Ltd
8.3. ICICI Bank Ltd
8.4. State Bank of India
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: India banks industry value: $ billion, 2019-24
Table 2: India banks industry category segmentation: % share, by value, 2019-24
Table 3: India banks industry category segmentation: $ billion, 2019-24
Table 4: India banks industry geography segmentation: $ billion, 2024
Table 5: India banks industry value forecast: $ billion, 2024-29
Table 6: India banks industry share: % share, by value, 2024
Table 7: Axis Bank Ltd: Key Facts
Table 8: Axis Bank Ltd: Annual Financial Ratios
Table 9: Axis Bank Ltd: Key Employees
Table 10: Axis Bank Ltd: Key Employees Continued
Table 11: HDFC Bank Ltd: Key Facts
Table 12: HDFC Bank Ltd: Annual Financial Ratios
Table 13: HDFC Bank Ltd: Key Employees
Table 14: HDFC Bank Ltd: Key Employees Continued
Table 15: ICICI Bank Ltd: Key Facts
Table 16: ICICI Bank Ltd: Annual Financial Ratios
Table 17: ICICI Bank Ltd: Key Employees
Table 18: State Bank of India: Key Facts
Table 19: State Bank of India: Annual Financial Ratios
Table 20: State Bank of India: Key Employees
Table 21: State Bank of India: Key Employees Continued
Table 22: State Bank of India: Key Employees Continued
Table 23: India Size of Population (Million), 2020-24
Table 24: India Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 25: India GDP (Current Prices, $ Billion), 2020-24
Table 26: India Inflation, 2020-24
Table 27: India Consumer Price Index (Absolute), 2020-24
Table 28: India Exchange Rate, 2019-24
List of Figures
Figure 1: India banks industry value: $ billion, 2019-24
Figure 2: India banks industry category segmentation: $ billion, 2019-24
Figure 3: India banks industry geography segmentation: % share, by value, 2024
Figure 4: India banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in India, 2024
Figure 6: Drivers of buyer power in the banks industry in India, 2024
Figure 7: Drivers of supplier power in the banks industry in India, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in India, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in India, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in India, 2024
Figure 11: India banks industry share: % share, by value, 2024
