Press Release Summary = RNCOS Research: (http://www.marketsmonitor.com/category/IM037.html) Consumer banking will remain a major driver for Indian banks. Retail loan boom will continue in 2006 as well. Recent rate hikes will have no impact on the retail growth.
Press Release Body = RNCOS Research: (http://www.marketsmonitor.com/category/IM037.html) According to ICICI banking experts, India's second largest financial services group, consumer banking will continue to be the major force for Indian banks for at least another year or two. In this competition, corporate lending will also be the other major wing whose business will grow in the same way as the growth in that sector too.
The economic growth in India is driven to a large extent by the transactions of the country's banking sector. While consumerism fuel demand for retail loans, there is also an equal and exponential demand by the resurgent industry, spreading across both large and small and medium enterprises.
The experts also believe that there will be a continued retail loan boom and this growth will carry on in 2006 as well. The banks and financial institutions are sure that the recent round of lending rate hikes would have little impact on the retail growth.
The latest market research report published by RNCOS, which is called "Indian Retail Banking Sector Analysis (2006)" makes an objective analysis of the retail banking industry in India accompanied with the vital information on various products and services, the scope of the market and its size, and future predictions.
RNCOS, a bespoke market research organization is this report highlights the following: · Loan credits to the industry increased to 34% in 2005. · Loan credits to medium and large industries grew by 35% in 2005.
Experts and analysts in the banking industry account this growth to recent trends in urbanization of smaller towns and cities added with their improved infrastructure developments.
The market research report lays down an overview of the opportunities, challenges, and important success factors enabling the industry's growth. There are also recent newsworthy topics on developments in the retail-banking sector. The report finally concludes with a discussion of the major participants in the retail banking industry.
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2025
