Over the last decade, Indian banking industry has grown manifold, with total assets increasing more than five times to reach US$1.3 trillion; total credits and deposits growing consistently at ~20% to reach US$0.8 trillion and US$1.1 trillion respectively and number of bank branches reaching ~93,000. Additionally, the Banking sector has also emerged largely unscathed from global financial crisis of 2008 – supported by strong macro-economic growth, low default ratio, absence of complex financial products, regular intervention by central bank and proactive adjustment of monetary policy.
As the Indian Banking sector prepares for another decade of high growth, emerging global and local market forces are expected to present both, opportunities as well as challenges in the near to medium term:
To remain competitive and profitable in this rapidly growing market place, market participants needs to consider the following:
With our deep understanding of the banking industry gained over years of working with clients in this sector, we are adequately positioned to help you in this evolving and challenging business environment. Our dedicated professionals with cross-functional experience provide a range of services tailored to your needs; from tax and regulatory advisory, to business transformation focusing on strategy, operations, human capital, enterprise applications, outsourcing and technology integration. We work with our global offices to bring global experience and insights to our clients in India.