India

billion USD of

GDP

BBB-

Fitch rating

Good safety

$1,400

of per-bank

Deposit Guarantee

million of

Population

2.19%

percent of

Inflation

/ 190

index points of

Doing Business

Financial indicators

billion USD of

GDP

BBB-

Fitch rating

Good safety

$1,400

of per-bank

Deposit Guarantee

million of

Population

2.19%

percent of

Inflation

/ 190

index points of

Doing Business
India

Financial sector


As per the Reserve Bank of India (RBI), India’s banking sector is sufficiently capitalised and well-regulated. The financial and economic conditions in the country are far superior to any other country in the world. Credit, market and liquidity risk studies suggest that Indian banks are generally resilient and have withstood the global downturn well. The Indian banking system consists of 27 public sector banks, 21 private sector banks, 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks and 94,384 rural cooperative banks, in addition to cooperative credit institutions. India’s retail credit market is the fourth largest in the emerging countries. It increased to US$ 281 billion on December 2017 from US$ 181 billion on December 2014. The Government of India is planning to inject US$ 5.99 billion in the public sector banks by March 2019 and will infuse the next tranche of recapitalisation by mid-December 2018.

Deposit Guarantee Scheme is covered by Deposit Insurance and Credit Guarantee Corporation up to $1,400 per depositor per bank. Learn more
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