In conjunction with www.compete.com, The India Street has compiled the online statistics for India’s top Banks. In terms of Online usage in visits, ICICI Bank clearly leads the pack while Citibank is close behind. Noticeably, State Bank of India’s traffic has decreased 21% year over year while ICICI Bank has risen an astounding 76.9% year over year.
It’s interesting to note that banks like Canara Bank, Bank of Boroda, and Punjab National Bank that have some of the highest deposits, don’t even come close to making the list.
Timeframe: 07/2006 to 07/2007 (Click image to enlarge)
| Date: 07/2007 | People | Month Δ | Year Δ | What is this? |
| 5,368 | 26.1% | -21.2% | The number of people visiting a site.* | |
| 16,385 | 20.1% | 34.8% | ||
| 44,463 | -4.7% | 22.2% | ||
| 8,672 | 70.8% | 54.4% | ||
| 64,890 | 62.6% | 76.9% | ||
| *People Counts are also known as unique visitors - they only count a person once no matter how many times they visit a site in a given month. People Counts are typically used to determine how popular a site is. | ||||
In terms of daily growth Standard Chartered is really make a move, while the remainder are gaining users at slower pace. A small mention, it appears that over the last month, Citibank’s online growth is actual negative.
| Date: 08/14/2007 | What is this? |
| Velocity reports the relative change in daily Attention. Velocity is used to determine the relative growth of a domain over a particular timeframe or compared to other sites. | |
Some other key findings of the study of India banks, pertaining to the period FY06, are as follows:
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Total assets for the 82 Scheduled Commercial Banks (SCB)s stood at Rs 27,785,739 mn in FY06, of which PSBs had the largest share of 72.5%, followed by Private Sector Banks with 20.2% and Foreign Banks at 7.3%.
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The total income for the 82 banks stood at Rs 2,215,280 mn in FY06, of which the Public Sector Banks held the highest share of 72.7%, Private Sector Banks at 19.5% followed by 7.8% for the Foreign Banks.
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In terms of break-up of total income, non-interest income was the highest for Foreign Banks at 31%, followed by Private Sector Banks at 19.8%, thus highlighting the contribution of valueadded services these banks offer. For Public Sector Banks, non-interest income was 15.3%.
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The net profit for the 82 banks together stood at Rs 248,281.5 mn for FY06. The top ten banks (6 PSBs, 2 Private Sector and 2 Foreign Banks), based on the net profit classification, accounted for nearly 58.5% of the total net profit of all the 82 banks.
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The overall deposit growth was at 18.2% y-o-y for FY06, with Private Sector Banks posting the strongest growth at 39.2%, followed by Foreign Banks at 31.7%. For Public Sector Banks, total deposits grew at about 13%.
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Total Advances of all 82 banks grew by 32% year-on-year; Private Sector banks again witnessed the strongest growth at 44%, followed by a growth of 30.7% for PSBs and 30% for Foreign Banks.
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The ratio of operating expense to total expense for the PSBs was 26.5%, for Private Sector Banks was 28.4%, while for Foreign Banks the ratio was nearly one-third of their total expenses in FY06.
The Indian banking sector is poised for healthy growth in the forthcoming years. D&B India is confident that India’s Top Banks 2007 will provide the right platform to enable the banks to prepare for the upcoming opportunities. We will continue to track the growth of this sector and enhance this publication as an authoritative reference guide.
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Source for key findings Dunn and Bradstreet India
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