Traditional Commercial Banking - India

  • India
  • In India, the Traditional Commercial Banking market market is expected to witness a significant increase in Net Interest Income.
  • By 2024, it is projected to reach a staggering amount of US$191.10bn.
  • This growth is indicative of the country's thriving banking sector.
  • Furthermore, the Net Interest Income is anticipated to display a promising annual growth rate (CAGR 2024-2029) of 0.87%.
  • As a result, the market volume is estimated to reach US$199.60bn by the year 2029.
  • This steady growth emphasizes the stability and potential of the Indian banking industry.
  • In a global context, it is worth noting that China is expected to generate the highest Net Interest Income.
  • In 2024, China's Net Interest Income is projected to be an impressive US$1,444.0bn.
  • This highlights China's dominance in the global banking market.
  • Overall, the Traditional Commercial Banking market market in India is poised for substantial growth in terms of Net Interest Income.
  • With impressive figures and a promising trajectory, India's banking sector is set to play a significant role in the global financial landscape.
  • Despite the rapid growth of digital banking in India, traditional commercial banking continues to thrive due to the country's cultural preference for personal interactions and trust in established institutions.

Key regions: China, France, Brazil, Singapore, India

Region comparison

Analyst Opinion

The Traditional Commercial Banking market in India has been experiencing significant growth and evolution in recent years.

Customer preferences:
Customers in the Traditional Commercial Banking market in India are increasingly seeking digital solutions and convenient banking services. The demand for online banking, mobile apps, and digital payment options has been on the rise as customers look for efficient and user-friendly ways to manage their finances.

Trends in the market:
One of the key trends in the Traditional Commercial Banking market in India is the expansion of services to rural and underserved areas. With the government's focus on financial inclusion and initiatives such as Jan Dhan Yojana, banks are reaching out to remote regions to provide banking services to a larger population. Additionally, there is a growing trend towards personalized banking services and tailored financial products to meet the diverse needs of customers.

Local special circumstances:
In India, the Traditional Commercial Banking market is also influenced by regulatory changes and government policies. The introduction of initiatives like the Goods and Services Tax (GST) and demonetization has had a significant impact on the banking sector, leading to changes in customer behavior and banking operations. Moreover, the presence of a large unbanked population in India presents both challenges and opportunities for banks to expand their reach and tap into new markets.

Underlying macroeconomic factors:
The growth of the Traditional Commercial Banking market in India is closely tied to the country's overall economic performance. Factors such as GDP growth, inflation rates, and interest rates play a crucial role in shaping the banking landscape. As India continues to be one of the fastest-growing major economies in the world, the banking sector is poised for further development and innovation to cater to the evolving needs of customers.


Data coverage:

Data encompasses B2B and B2C enterprises. Figures are based on Net Interest Income, Bank Account Penetration rate, the value of Deposits, the number of depositors, the value of Loans, the number of borrowers, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data provided by the IMF, World Bank and the annual reports of the top 1000 Banks by asset size. Next we use relevant key market indicators and data from country-specific associations such as GDP, deposit interest rates, lending interest rates or bank account penetration rates. This data helps us to estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast financial services for digital as well as traditional products and services.

Additional Notes:

The market is updated twice per year in case market dynamics change.


  • Net Interest Income
  • Analyst Opinion
  • Deposits
  • Loans
  • Credit Card Interest Income
  • ATMs & Bank Branches
  • Methodology
  • Key Market Indicators
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