Released on = June 6, 2006, 4:44 am

Press Release Author = RNCOS

Industry = Financial

Press Release Summary = RNCOS Research:
(http://www.marketsmonitor.com/category/IM037.html) Consumer banking will remain a
major driver for Indian banks. Retail loan boom will continue in 2006 as well.
Recent rate hikes will have no impact on the retail growth.

Press Release Body = RNCOS Research:
(http://www.marketsmonitor.com/category/IM037.html) According to ICICI banking
experts, India's second largest financial services group, consumer banking will
continue to be the major force for Indian banks for at least another year or two. In
this competition, corporate lending will also be the other major wing whose business
will grow in the same way as the growth in that sector too.

The economic growth in India is driven to a large extent by the transactions of the
country's banking sector. While consumerism fuel demand for retail loans, there is
also an equal and exponential demand by the resurgent industry, spreading across
both large and small and medium enterprises.

The experts also believe that there will be a continued retail loan boom and this
growth will carry on in 2006 as well. The banks and financial institutions are sure
that the recent round of lending rate hikes would have little impact on the retail
growth.

The latest market research report published by RNCOS, which is called "Indian Retail
Banking Sector Analysis (2006)" makes an objective analysis of the retail banking
industry in India accompanied with the vital information on various products and
services, the scope of the market and its size, and future predictions.

RNCOS, a bespoke market research organization is this report highlights the following:
· Loan credits to the industry increased to 34% in 2005.
· Loan credits to medium and large industries grew by 35% in 2005.

Experts and analysts in the banking industry account this growth to recent trends in
urbanization of smaller towns and cities added with their improved infrastructure
developments.

The market research report lays down an overview of the opportunities, challenges,
and important success factors enabling the industry's growth. There are also recent
newsworthy topics on developments in the retail-banking sector. The report finally
concludes with a discussion of the major participants in the retail banking
industry.

About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports via MarketsMonitor for
your business needs and aims to put an end to your information pursuit. Our
expertise in gathering global business information for industry research, corporate
training, growth consulting, and business consulting, brings reputed companies and
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Industry research information and niche market analysis.

To purchase your copy: http://www.marketsmonitor.com/category/IM037.html
For more information about the report please visit www.marketsmonitor.com


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Head of Business Development
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