India Banking Sector Report FY2023 3rd Quarter

In Q3 FY2023, the total assets of the SCBs sustained their growth trajectory, reaching at least INR 193.64tn by the end of December 2022. Notably, assets grew by 12.4% y/y in Q3 FY2023, compared to 14.0% y/y in the previous quarter and by 2.56% q/q, compared to 3.6% q/q in the previous quarter. Bank credits (or loans and advances) remained the most significant portion of assets, accounting for approximately 67.4% of total assets and reached INR 130.58tn compared to INR 126.30tn in Q2 FY2023 i.e. recording a 3.39% q/q growth. Banks held less cash by the end of the quarter, as cash in hand decreased by 2.8% q/q. Meanwhile, balances with RBI increased by 19.4% y/y to INR 8.10tn from INR 8.14tn in the previous quarter, which was likely the result of RBI's decision to hike the CRR to 4.5% from 4% on May 2-4, 2022 and which remained unchanged as of December 30, 2022. According to The Economic Times, Indian banks took off in 2022 after consolidating for the previous two years, lifted by higher credit growth, falling NPA's and rising digitalization.

This report provides a complete and detailed analysis of the "Banking" sector for India. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Banking" sector in India
• Crystallise the forces both driving and restraining this sector in India
• Ascertain India’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in India.
• Build a clear picture of trends, output and consumption for specific sub-sectors