industry

Back to Basics: Taking account of financial health


The Yes Bank debacle has brought the focus back on the book-keeping practices of private lenders. But how many Indians bank with private banks, and how much money is with these banks?

PRIVATE & DEPOSIT-HEAVY

The majority of bank accounts are held in public sector banks or PSBs. Private banks account for just 14% of accounts, but their share in total deposits is twice as much of that. Also, the average balance in a private bank account is far more than that of an average PSB account.

Agencies

1

POWERED BY HOUSEHOLDERS

Bulk of the money kept at public sector and private sector banks comes from the household sector. The deposits of individuals and families make up over 70% of money kept at PSBs and nearly 50% at private banks.

Agencies

2

BANKING ON URBAN INDIA

Over 40% of private bank accounts are operated out of metropolitan areas, and 65% of their deposits come from large cities

Agencies

3

FINDING BALANCE

How much money do individuals have in their bank accounts?

Agencies

4

Agencies

last





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.