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.
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.
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
FINDING BALANCE
How much money do individuals have in their bank accounts?