The India Private Banking Market is segmented based on the banking sector (Retail Banking, Commercial Banking, Investment Banking, and others). The report offers market size and forecasts for the India Private Banking Market in value (USD Million) for all the above segments.

At the end of financial year 2021, foreign banks (RRB) in India had a market share of over 37 percent in terms of number of banks. Public sector banks stood at about 10 percent. Nevertheless, public sector banks were leading by far in terms of total assets in the country.

India Banking Industry By Total Number of Banks in India, By Total Deposits in India, By Total Credit/Lending in India, By Total Assets, By Total Foreign Currency Reserves in India, By Total Number of ATMs in India, By Total Interest Income and Other Income, Competition Forecast, Opportunities

India Private Banking Market was valued at USD 47.73 Billion in 2024 and is expected to reach USD 79.12 Billion by 2030 with a CAGR of 8.79% during the forecast period.

India Banking Market valued at USD 450 Bn in 2023; propelled by digital transformation and financial inclusion initiatives.

As of September 2024, the public sector bank, State Bank of India held ** percent of share in the debit card market in India. However, there was a decline in year-on-year growth by **** percent. It was followed by Bank of Baroda with ** percent market share.

India Digital Banking Industry By Total Number of Banks in India, By Total Deposits in India, By Total Digital Lending in India, By Total Transactional Value Paid Digitally in India, By Total Number of Transactions Paid Digitally in India, By Total Number of ATMs in India, Opportunities, Competition Forecast

As of December 2024, the HDFC Bank held ** percent of share in the credit card market in India, while registering a growth of ** percent. It was followed by SBI cards and ICICI Bank with ** percent and ** percent market share respectively.

As of September 2023, NBFC-micro financial institutions in India had a market share of ** percent in the microfinance industry. Banks followed closely with ** percent in market share. Market share of NBFCs has been increasing and share of banks have been decreasing since 2020.

The India Trade Finance Market is Segmented by Product (Documentary, Non-Documentary), by Service Provider (Banks, Trade Finance Companies, Insurance Companies, and More), by Application (Domestic, International), by Company Size (Large Enterprises, Small and Medium-Sized Enterprises), and by Financing Structure (Structured Trade Finance, Non-Structured Trade Finance). The Market Forecasts are Provided in Terms of Value (USD).

The value of loans in India increased 9.50 percent in July of 2025 over the same month in the previous year. This dataset provides the latest reported value for - India Bank Loan Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Asia-Pacific neo-banking market is experiencing robust growth, driven by the increasing adoption of mobile banking, fintech innovations, and a burgeoning young population comfortable with digital financial services. The market's Compound Annual Growth Rate (CAGR) of 8.0% from 2019 to 2024 suggests a significant expansion, projected to continue through 2033. Key drivers include the region's high smartphone penetration, expanding internet access, and a preference for convenient, digitally-native financial solutions. This is particularly evident in countries like China and India, which boast massive populations and rapidly developing digital economies. The market segmentation highlights the diverse applications of neo-banking, with a strong focus on mobile banking, payments and transfers, and loans. Business and personal accounts both contribute significantly to the overall market value. While regulatory hurdles and security concerns pose some restraints, the overall market trajectory remains positive, fueled by continuous technological advancements and the increasing demand for accessible, personalized financial services. The competitive landscape is dynamic, with a mix of established players and innovative startups vying for market share. Growth will likely be concentrated in high-growth economies, with China and India expected to remain dominant players in the coming years, followed by other significant markets like Singapore, Australia, and Hong Kong. This growth is fueled by several factors including the increasing preference for personalized financial services catering to the unique needs of diverse customer segments. The integration of AI and machine learning in neo-banking platforms further enhances the customer experience, driving adoption. Moreover, strategic partnerships between neo-banks and established financial institutions are fostering innovation and expansion. This collaborative approach helps neo-banks overcome challenges like regulatory compliance and infrastructure limitations while benefiting from the established networks and customer base of traditional financial institutions. However, the market also faces challenges such as maintaining robust cybersecurity measures, addressing data privacy concerns, and navigating evolving regulatory landscapes in different countries. The continued evolution of the technological landscape and the emergence of innovative solutions such as embedded finance will significantly shape the future of the Asia-Pacific neo-banking market. This comprehensive report provides a detailed analysis of the rapidly evolving Asia-Pacific neo banking market, covering the period 2019-2033. With a base year of 2025 and an estimated year of 2025, this report offers invaluable insights into market size (in millions), growth drivers, challenges, and future trends. This study is crucial for investors, entrepreneurs, and established financial institutions seeking to understand and capitalize on opportunities within this dynamic sector. High-search-volume keywords like "Asia-Pacific neo banking market size," "digital banking Asia," "mobile banking trends," and "virtual banking growth" are integrated throughout for optimal search engine visibility. Recent developments include: In April 2022, WeLab Bank has become the first virtual bank in Hong Kong to be granted permission to provide digital wealth advising services. The Bank soft-launched its intelligent wealth solution GoWealth Digital Wealth Advisory (GoWealth) for selected customers after receiving Type 1 (Dealing in securities) and Type 4 (Advising on securities) licenses from the Hong Kong Securities and Futures Commission (HKSFC)., In December 2021, Kakao Bank announced the signing of an MOU with Kyobo Life Insurance, Kyobo Bookstore, and Kyobo Securities for data cooperation and partnerships with other financial platform firms. Financial product planning and development, as well as cooperative marketing, will arise from a business relationship with Kyobo Life Insurance and Kyobo Securities.. Notable trends are: Number of Customers for Neo Banking is Raising Significantly in the Region.

In 2022, non-banking financial companies in India dominated the retail loans market in terms of the number of loans, with ** percent market share. Private sector banks followed with around ** percent. Retail loans are loans given to individual consumers for various reasons such as purchase of property, vehicles, consumer durables, funding education etc.

India's Car Loan Market Report is Segmented by Type (new Car and Used Car), by Car Type (SUV, Hatchback, and Sedan), by Provider Type (OEM (original Equipment Manufacturer), Bank, Non-Banking Financial Company (NBFC)), and by Tenure (less Than 3 Years, 3-5 Years, and More Than 5 Years). The Report Offers Market Size and Forecasts for the India Car Loan Market in Value (USD) for all the Above Segments.

The India Power Bank Market is expected to increase during the forecast period, owing the increasing usage of smartphones and tablets and reduction in the prices of power banks.

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********* was the leading Indian private bank based on market capitalization of over ** trillion Indian rupees as of May 2025. ICICI and Kotak Mahindra followed, rounding the top three during the measured time period. HDFC Bank had remained the leader in this sector, in part, due to its significant ramp up in digital service offerings. Digital payments in India Increased smartphone and internet penetration, and a mass adoption of the mobile-based, real-time payment platforms have paved the way for India as one of the fastest growing digital payment economies in the world. In recent years, the country has been moving towards a cashless economy. The government's role in making online payments for tax returns, GST payouts and even relief packages during the pandemic also boosts the market. Impact of COVID-19 on digital payments The Reserve Bank of India and National Payments Corporation of India urged people to increase the use of digital payments after the onset of the coronavirus (COVID-19) pandemic. E-commerce players, retailers, service providers encouraged contactless online payments and deliveries to minimize the risk contact while handling money. The pandemic boosted an already flourishing online payment market. This mode of paying, initially thought of as a convenience, has now become a necessity, thanks to keep physical contact to a minimum.

Gain insights into the India Digital Banking Market size at USD 785 million in 2023, featuring Market Forecasts & Outlook, industry trends, and investment opportunities.

The report covers India Neo Banking Market, Market Sales, Market Shares, Market Trends, Market Revenue Forecasting, Market Research Report, Neo Banking Saving Account Market.

In 2023, the India Power Bank Market reached a value of USD 151.12 million, and it is projected to surge to USD 188.97 million by 2030.