India’s private banks, particularly those that started in the mid-1990s and later, after the Reserve Bank of India (RBI) opened up the sector, have never had it so good. The data, covering 16 listed private banks and 24 each of PSBs and foreign banks, has been collated by Mint’s research bureau. They are Bank of India, Bank of Baroda, Indian Overseas Bank, Uco Bank and Vijaya Bank. During this period, private banks gained close to 3 percentage points, from 18.4% to 21.3%, even as foreign banks’ share remained almost the same, a little over 4%. Time is fast running out for most PSBs and it’s almost a freeway for some of the new private banks.

Source: Mint September 18, 2016 18:56 UTC