Sectors: Banking Industry

Banking industry in India-An Overview

 • RBI manages the country's money supply and foreign
exchange and also serves as a bank for the Government of
India and for the country's commercial banks. As of now,
public sector banks account for 70 per cent of the Indian
banking assets
• India’s gross domestic product (GDP) growth will make the
Indian banking industry the third largest in the world by
2025. According to the report, the domestic banking
industry is set for an exponential growth in coming years
with its assets size poised to touch USD 28,500 billion by
the turn of the 2025.
• The present Rs 64 trillion (US$ 1.17 trillion) Indian banking
industry is governed by the Banking Regulation Act of
India, (1949) and is closely monitored by the Reserve Bank
of India (RBI)

Banking industry in India- Top 2 Companies

• SBI (Public sector)
• ICICI (Private sector)
State Bank of India- Profile
• Largest banking and financial services company in India by
revenue, assets and market capitalization
• As of March 2012, it had assets of US$360 billion and
14,119 branches, including 173 foreign offices in 37
countries across the globe. Including the branches that
belong to its associate banks, SBI has 21,500 branches.
• SBI provides a range of banking products through its vast
network of branches in India and overseas, including
products aimed at non-resident Indians (NRIs). The State
Bank Group has the largest banking branch network in
India.
• It has a market share among Indian commercial banks of
about 20% in deposits and loans
State Bank of India-Key Information
 • Founded: 1955
• Key Personnel: Pratip Chaudhuri (Chairman)
• Owner: Government of India
• Headquarters: Mumbai
• Products offered:
 Credit cards,
 Consumer & Corporate banking,
 Finance and insurance,
 Investment banking, mortgage loans, private banking,
wealth management

ICICI Bank Limited- Profile

• ICICI Bank was established in 1994 by the Industrial Credit
and Investment Corporation of India, an Indian financial
institution, as a wholly owned subsidiary. The parent
company was formed in 1955 as a joint-venture of the
World Bank, India's public-sector banks and public-sector
insurance companies to provide project financing to Indian
industry
• It offers a wide range of banking products and financial
services to corporate and retail customers through a
variety of delivery channels and through its specialized
subsidiaries in the areas of investment banking, life and
non-life insurance, venture capital and asset management.
The Bank has a network of 2,883 branches and 10021
 ATM's in India, and has a presence in 19 countries,
including India

ICICI Bank Limited-Key Information

• Founded: 1955
• Key Personnel: Chanda Kochhar (MD & CEO)
• Owner: ICICI limited
• Headquarters: Mumbai
• Products Offered:
 Credit cards, Consumer banking, corporate banking,
finance and insurance, investment banking, mortgage
loans, private banking, wealth management