Number of Bank Branches for India
DDAI02INA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.74
Year-over-Year Change
58.90%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for India' trend measures the total number of bank branches operating within India over time. This metric is important for analyzing financial inclusion and the 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
This data series from the World Bank tracks the total number of commercial bank branches per 100,000 adults in India. It provides insights into the geographical reach and density of the Indian banking system, which is crucial for monitoring financial development and access to financial services.
Methodology
The data is collected through surveys of financial institutions and national banking authorities.
Historical Context
Policymakers and economists use this metric to evaluate progress in expanding banking infrastructure and improving financial inclusion in India.
Key Facts
- India had over 150,000 bank branches as of 2020.
- The number of bank branches per 100,000 adults in India has more than doubled since 2005.
- Rural areas of India continue to have lower banking penetration compared to urban centers.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Branches for India' trend measures the total number of commercial bank branches operating within India over time.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the accessibility and density of banking services across India, which is crucial for evaluating financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions and national banking authorities in India.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor progress in expanding banking infrastructure and improving access to financial services, especially in rural and underserved areas of India.
Q: Are there update delays or limitations?
A: The data may be subject to lags in reporting and can vary in availability across different years.
Related Trends
Balance of Payments: Services: Revenue for India
INDB6CRSE03STSAQ
Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for India
INDFCSODDXDC
Value of Exports to India from Alaska
AKINDA052SCEN
National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for India
INDGFCFQDSMEI
Leading Indicators OECD: Component Series: Car Registration: Sales: Original Series for India
INDLOCOVRORMLSAM
Number of Identified Exporters to India from Idaho
IDINDA475SCEN
Citation
U.S. Federal Reserve, Number of Bank Branches for India (DDAI02INA643NWDB), retrieved from FRED.