BFSI



“The bank hath benefit of interest on all moneys which it creates out of nothing.”
                                                                                                                  -William Peterson

 The banking industry forms the backbone of the global economy. Every industry has its own sphere of influence, yet, history stands witness to the fact that when banks fail, the entire economy suffers. Financial analysis of a financial institution is a very tricky task, as the normal standards, and popularly used ratios across all sectors often stand null and void here. In this section, you can find various knowledge resources related to banking sector, industry analysis, and important news related to banks.

 INDUSTRY OUTLOOK
  • Public sector banks 27 (70% of the banking systemassets)
  • Private sector banks 26
  • Foreign banks 46
  • Regional rural banks 56
  • Others(1,574 Urban cooperative banks and 93,913 rural cooperative banks)
  • In FY 2017-18, total credit extended by commercial banks surged to US$ 1,223.81 billion and deposits increased to US$ 1,482 billion. Assets of public sector banks stood at US$ 1,518 billion in FY 2017-18.
  • Rising incomes are expected to enhance the need for banking services in rural areas and therefore drive the growth of the sector; programmes like MNREGA have helped in increasing rural income aided by the recent Jan DhanYojana.
  • RBI has relaxed its branch licensing policy, thereby allowing banks to set-up new branches in tier-2 to tier-6 centers, without prior approval from RBI. It has emphasized the need to focus on spreading the reach of banking services to the un-banked population of India.

External Knowledge Sources

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3 comments:

  1. Anonymous9 April 2013 at 18:00

    Good observation.Specifically I liked the comment that when banks fail, entire economy suffers. Thanks for the article.

    ReplyDelete
    Replies
    1. Sinjana9 April 2013 at 18:54

      Thank you for your valuable feedback. Its our pleasure to have our articles read and appreciated

      Delete
  2. yalini yamuna31 August 2021 at 11:45

    Financial analysis of a financial institution is a very tricky task, as the normal standards, and popularly used ratios across all sectors often stand null and void here useful blog post!!!!

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