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Banks in India are considered a solution to the economy. They play a catalytic role in activating and maintaining economic growth. According to the KPGM-CII report, the Indian banking sector is expanding rapidly and has the potential to become the world’s fifth largest banking industry by 2020, and the third largest by 2025.

The Indian banking system consists of 26 public sector banks, 20 private sector banks, 43 foreign banks, 56 regional rural banks, 1,589 city cooperative banks, and 93,550 rural cooperative banks. The assets of the Indian banking sector reached $ 1.8 billion in the 2014–2013 period from $ 1.3 …


Stefano Virgilli

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