Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for India
INDFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.47
Year-over-Year Change
38.86%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in India, a key indicator of financial inclusion and accessibility.
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 per 100,000 adults is a widely used metric to assess the geographical outreach and penetration of the formal banking system. It provides insights into the availability and distribution of basic financial services across a country's population.
Methodology
The data is collected by the Reserve Bank of India through its network of regional offices.
Historical Context
This indicator is closely monitored by policymakers, regulators, and analysts to evaluate financial inclusion and guide policies to promote equitable access to banking services.
Key Facts
- India had 14.7 commercial bank branches per 100,000 adults in 2020.
- Branch density increased from 10.6 in 2010 to 14.7 in 2020, indicating improved outreach.
- The Reserve Bank of India has set targets to increase branch network in underserved areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in India, which is an indicator of financial inclusion and accessibility.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers, regulators, and analysts to evaluate the geographical outreach and penetration of the formal banking system in India.
Q: How is this data collected or calculated?
A: The data is collected by the Reserve Bank of India through its network of regional offices.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and regulators to guide policies aimed at promoting equitable access to banking services and improving financial inclusion in India.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing branch network changes in remote or underserved areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for India (INDFCBODCANUM), retrieved from FRED.