India Commercial Banking Report Q4 2010

Competitive Landscape
Market Structure

Protagonists

Table: Protagonists In India’s Commercial Banking Sector

Central bank: Reserve Bank of India (RBI)

www.rbi.org.in

The RBI was established in 1935 in accordance with the Reserve Bank of India Act 1934. Its central office has been in
Mumbai since 1937. The RBI was nationalised in 1949. Through the Board of Financial Supervision (BFS), a
committee of the central board of directors of the RBI, the central bank is the supervisor and regulator of the
commercial banking sector and other financial institutions and banking finance companies. The RBI’s functions
include: formulation and implementation of monetary policy; management of foreign exchange; issuing of notes and
coins; banker to government; banker to banks; and ‘a wide range of promotional functions to support national
objectives’ in relation to development.

Principal banking regulator: Reserve Bank of India (RBI)

www.rbi.org.in

Among its other roles, the RBI regulates the commercial banking sector.

Banking trade association: Indian Banks’ Association (IBA)

www.iba.org.in

The interests of India’s commercial banking sector are represented by the IBA, established in 1946. It has 115
ordinary and 38 associate members. Its membership includes: public sector banks, private sector banks, foreign
banks with offices in India and urban cooperative banks.

© Business Monitor International Ltd Page 35

 India Commercial Banking Report Q4 2010

Definition Of The Commercial Banking Universe

We define the universe of Indian banks as including 84 organisations identified by the Indian Banks’
Association as public sector banks (27), private sector banks (27) and foreign banks in India (33).
The central bank also identifies 30 state cooperative banks, 95 regional rural banks and 55 urban
cooperative banks, which fall outside the definition of the universe of commercial banks for our purposes.
Public sector banks include: 19 nationalised banks, State Bank of India (SBI), seven associates of SBI
and Industrial Development Bank of India (IDBI). Private sector banks include: 19 private sector banks
and eight new private sector banks.

According to the IBA, the total assets of the public sector, private sector and foreign banks amounted to
INR43,264bn at the end of 2008. The public sector banks accounted for INR30,222bn of this, with SBI
accounting for INR7,215bn alone. The next nine biggest public sector banks were: Punjab National
Bank (INR 1,990bn), Canara Bank (INR1,805bn), Bank of Baroda (INR1,796bn), Bank of India
(INR1,788bn), IDBI (INR1,307bn), Union Bank of India (INR1,240bn), Central Bank of India (INR
1,240bn), Syndicate Bank (INR1,071bn) and Indian Overseas Bank (INR1,019bn). The combined
assets of the private sector banks amounted to INR9,402bn; INR7,456bn of which was accounted for by
the new private sector banks. The three largest new private sector banks were: ICICI Bank, with assets
of INR3,998bn; Housing Development Financing Corporation (HDFC), INR1,332bn; and Axis Bank,
INR1,096bn. Collectively, the foreign banks had total assets of INR3,640bn at the end of 2008. The
largest foreign banks in terms of total assets were: Citibank (INR838bn), HSBC (INR759bn), Standard
Chartered (INR734bn), ABN AMRO (INR366bn) and Deutsche (INR247bn).

© Business Monitor International Ltd Page 36

 India Commercial Banking Report Q4 2010

List Of Banks

Table: Public Sector Banks

Nationalised banks Allahabad Bank

Andhra Bank

Bank of Baroda

Bank of India

Bank of Maharashtra

Canara Bank

Central Bank of India

Corporation Bank

Dena Bank

Indian Bank

Indian Overseas Bank

Oriental Bank of Commerce

Punjab & Sind Bank

Punjab National Bank

Syndicate Bank

UCO Bank

Union Bank of India

United Bank of India

Vijaya Bank

State Bank of India (SBI)

Associates of SBI State Bank of Bikaner & Jaipur

State Bank of Hyderabad

State Bank of Indore

State Bank of Mysore

State Bank of Patiala

State Bank of Saurashtra

State Bank of Travancore

Source: IBA, March 2009

© Business Monitor International Ltd Page 37

 India Commercial Banking Report Q4 2010

Table: Foreign Banks In India

ABN AMRO Bank

Abu Dhabi Commercial Bank

American Express Bank

American Express Banking Corporation

Antwerp Diamond Bank

Arab Bangladesh Bank

Bank Internasional Indonesia

Bank of America

Bank of Bahrain and Kuwait

Bank of Ceylon

Barclays Bank

BNP Paribas

Chinatrust Commercial Bank

Citibank

Calyon Bank

Deutsche Bank

JPMorgan Chase Bank

JSC VTB Bank

Krung Thai Bank

Mashreq

Mizuho Corporate Bank

Oman International Bank

Shinhan Bank

Societe Generale

Sonali Bank

Standard Chartered Bank

State Bank of Mauritius

Bank of Nova Scotia

Bank of Tokyo-Mitsubishi UFJ

Development Bank of Singapore

HSBC

UBS

Source: IBA, March 2009

© Business Monitor International Ltd Page 38

Copyright of India Commercial Banking Report is the property of Business Monitor International and its
content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's
express written permission. However, users may print, download, or email articles for individual use.