Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for India
INDFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141,980,056,000,000.00
Year-over-Year Change
248.36%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at commercial banks in India, providing insights into the usage of financial services and assets in the Indian economy.
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 Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for India metric represents the total value of loans and advances extended by commercial banks operating in India. This data point is used by economists and policymakers to gauge the level of financial intermediation and credit availability in the Indian financial system.
Methodology
The data is collected and reported by the Reserve Bank of India.
Historical Context
This trend is closely watched by Indian regulators, banks, and investors to assess the health of the domestic credit market.
Key Facts
- India has over 150,000 commercial bank branches nationwide.
- Outstanding loans at Indian commercial banks exceeded $1.5 trillion in 2021.
- The banking sector accounts for over 60% of India's total financial assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of loans and advances extended by commercial banks operating in India, providing insights into the usage of financial services and assets in the Indian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by Indian regulators, banks, and investors to assess the health and growth of the domestic credit market, which is a key driver of economic activity.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of India, the central banking institution of India.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this data to monitor the level of financial intermediation and credit availability in the Indian economy, which informs decisions on monetary policy and financial sector regulations.
Q: Are there update delays or limitations?
A: The data is released on a regular basis by the Reserve Bank of India, with some minor lags in reporting. The metric may not capture all informal lending activities in the Indian economy.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for India (INDFCSODCXDC), retrieved from FRED.