Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for India
INDFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155,075.00
Year-over-Year Change
70.70%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of branch locations, excluding headquarters, for commercial banks in India. It provides insights into the geographical outreach and accessibility of banking services across the country.
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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for India trend is an important indicator of the expansion and distribution of banking infrastructure. It helps analysts and policymakers understand the availability and penetration of financial services in different regions of India.
Methodology
The data is collected by the Reserve Bank of India through regulatory reporting by commercial banks operating in the country.
Historical Context
This trend is closely monitored by policymakers and financial institutions to assess financial inclusion and guide policies aimed at improving access to banking services.
Key Facts
- India had over 130,000 commercial bank branches as of 2021.
- Branch expansion has accelerated in recent years, with a 4.5% annual growth rate since 2015.
- Rural areas account for over 60% of total commercial bank branches in India.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for commercial banks operating in India. It provides insights into the geographical outreach and accessibility of banking services across the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding financial inclusion and the availability of banking infrastructure in different regions of India. It helps policymakers and financial institutions assess the penetration of financial services and guide policies aimed at improving access.
Q: How is this data collected or calculated?
A: The data is collected by the Reserve Bank of India through regulatory reporting by commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and financial institutions to assess financial inclusion and guide policies aimed at improving access to banking services across India.
Q: Are there update delays or limitations?
A: The data is reported regularly by the Reserve Bank of India, with minimal update delays. However, the data may not capture informal or unregistered banking outlets, which could limit the comprehensive representation of banking access in some regions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for India (INDFCBODCNUM), retrieved from FRED.