Explore the thriving banking system in India. Get insights on growth trends, digital banking, and investment opportunities with IBEF's comprehensive analysis.

2024年6月25日 · Gain insights into how the Indian banking sector addresses reforms, manages NPA challenges, and ensures growth in a dynamic economic environment. Read more.

The Indian banking system consists of 13 public sector banks, 21 private sector banks, 44 foreign banks, 12 Small finance banks. As of June 2024, the total number of micro-ATMs in India reached 15,17,580.

2022年9月1日 · Multiple banking sector reforms have been introduced in India in the context of economic liberalisation and the growing trend toward globalisation. The main objective is to improve operational efficiency and promote banks' health and financial reliability, so that Indian banks can meet internationally recognised standards of performance.

* India benefits from a large cross-utilization of channels to expand reach of financial services. * Emerging digital gold investment options. * In the Union Budget 2022-23 India announced plans for a Central Bank Digital Currency (CBDC) which will be known as Digital Rupee.

2024年1月12日 · Mr. Shaktikanta Das hails India's banking sector turnaround post-Covid, positioning it as a global success amid economic challenges, emphasizing trust preservation and regulatory enhancements.

2024年11月11日 · Amid record-high cash circulation, Indian banks are reducing the number of Automated Teller Machines (ATMs) and cash recyclers, driven by the increasing adoption of digital payments, particularly through the Unified Payments Interface (UPI), and a …

where incumbent banks have a trust advantage. India has the 3rd largest FinTech ecosystem globally. BCG predicts that the proportion of digital payments will grow to 65% by 2026. • Innovation in Services: In November 2022, RBI launched a pilot project on central bank digital currency (CBDC). In Union

2023年7月24日 · Prime Minister Mr. Narendra Modi said India's banking industry is now one of the strongest in the world, due to the turnaround over the last nine years. During a virtual Rozgar Mela, he distributed over 70,000 appointment letters to new hires in the sector.

India's infrastructure sector is set for robust growth, with planned investments of US$ 1.4 trillion by 2025. The government's National Infrastructure Pipeline (NIP) program aims to channel significant capital into key areas such as energy, roads, railways, and urban development.