Why should you invest in this smallcase?
The Indian banking system consists of 27 public sector banks, 26 private sector banks, 46 foreign banks, 56 regional rural banks, 1,574 urban cooperative banks and 93,913 rural cooperative banks, in addition to cooperative credit institutions.
- During FY06–17, deposits grew at a CAGR of 12.03% and reached USD 1.54 trillion by FY171
- Access to banking system has improved over the years due to persistent government efforts to promote banking-technology and promote expansion in unbanked and non-metropolitan regions
- Financial and economic conditions in India are far superior to any other country. Indian banks are generally resilient and have withstood the global downturn well
- Digital payments system in India has evolved the most among 25 countries with India’s Immediate Payment Service (IMPS) being the only system at level 5 in the Faster Payments Innovation Index (FPII).
This smallcase comprises private and public sector banks to allow investors to efficiently track and invest in the banking sector.
Past Performance vs
Equity Large Cap
Mar 3, 2014
Past performance doesn't guarantee future returns & is inclusive of all rebalances. Download chart