Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for India
INDFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.20
Year-over-Year Change
70.53%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 1,000 square kilometers in India, a key indicator of financial inclusion and access to banking services.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The commercial bank branch density metric provides insight into the geographical spread and penetration of the formal banking system across India. It is an important statistic for policymakers and economists analyzing financial sector development and financial access.
Methodology
The data is collected by the Reserve Bank of India through regulatory reporting from commercial banks.
Historical Context
This indicator helps assess progress towards financial inclusion goals and is used to guide policies aimed at expanding banking infrastructure.
Key Facts
- India has over 150,000 commercial bank branches nationwide.
- Branch density varies significantly across India's states and territories.
- The government has set targets to increase rural branch penetration.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in India, an indicator of financial inclusion and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographical spread and penetration of the formal banking system, which is crucial for assessing financial sector development and access to banking.
Q: How is this data collected or calculated?
A: The data is collected by the Reserve Bank of India through regulatory reporting from commercial banks.
Q: How is this trend used in economic policy?
A: This indicator helps assess progress towards financial inclusion goals and is used to guide policies aimed at expanding banking infrastructure, especially in underserved regions.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and branch-level information may not fully capture access due to digital banking channels.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for India (INDFCBODCKNUM), retrieved from FRED.