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The Banking system is dominated by Public sector banks, says RBI

According to a latest report of Reserve Bank of India, the government owned lenders are the dominating players in the banking system accounting for 73 per cent of loans extended to borrowers and deposits made by business entities and individuals.

The State Bank of India Group alone accounted for about a quarter of the market share in the banking sector.

Further, according the report the Public sector banks (PSBs) had a 73.2 per cent and 73.9 per cent market share in credits and deposits respectively as of March 2014 end.

According to ‘Basic statistical returns of commercial banks’ (BSR) report, as of March 2014, gross outstanding credit of the system rose 13.7 per cent to Rs 62,82,082.43 crore in 2013-14.

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