According to Federal Deposit Insurance Corporation (FDIC) the share of US households without banking access decreased from 7.6% to 5.4% between 2009 and 2019. U.S. states with the highest share of unbanked population in 2019 were Mississippi, Louisiana, New Mexico and Georgia. States with the lowest rate of unbanked households were Vermont, Minnesota and Idaho.
(18 December 2020) Almost 15,000 bank branch offices across the United States closed between 2010 and 2020, according to data from the Federal Insurance Deposit Corporation. Given the rise of digital banking and surge in fintech services over that same period it would be reasonable to suppose that the digital revolution has been a primary driver behind the restructuring of the banking industry. Nevertheless, FDIC data shows that digital banking is likely more of a means of adaptation to hyper evolution in the regulatory environment rather than a driver of the transformation of the banking sector.
Source: Balance sheet of Bank of Italy
Commercial Bank Liabilities=Liabilities to the Banking System+Aggregate deposits+ Other Demand and Time Liabilities + Borrowings from RBI
Nonfood credit disbursed by scheduled commercial banks declined to 9.8 percent YoY in August compared to 11.38 percent in July 2019.Food credit declined to 27.54 percent YoY in August from 30.32 in July 2019.Service sector credit grew 13.32 percent YoY in August compared to 15.21 percent in July 2019.Personal loans growth moderate to 15.6 percent YoY in August from 17.1 percent in July 2019.Credit growth in manufacturing under MSME contracted 2.1 percent YoY in August compared to expansion of 0.61 percent in July 2019, while credit to MSME industry grew 3.87 percent in August, compared to 6.12 percent in July 2019.Agriculture credit remained unchanged at 6.8 percent YoY in August compared to July 2019.
See also: America's Fortune 500 Companies | Top 200 Banks in Africa | Top 500 Companies in Africa Source: World's Top Banks, 2013
Central Bank Balance Sheet in Czech Republic increased to 3333572.50 CZK Million in May from 3303537.90 CZK Million in April of 2019.
In all the noise about rising bad loans, a deposit deluge in the aftermath of demonetisation and the collapse of credit growth, it’s time to take stock of where public funds are lying right now in the economy. A credit deposit ratio is a key measure to assess a bank’s liquidity and its health. What is Credit-Deposit Ratio: Credit-deposit ratio, popularly known as CD ratio, is the ratio of how much bank lends out of the deposits. It indicates how much of a bank’s core funds are being used for lending, the main activity. Though RBI does not stipulate a minimum or maximum level for the ratio, a very low ratio indicates that banks are not making full use of their resources. Alternatively, a high ratio indicates more reliance on deposits for lending and likely pressure on resources. Current Trends in Credit-Deposit Ratio: Data from the Reserve Bank of India shows that the credit-deposit ratio as on 2018 Q2 stood at 75.59%, which means that out of Rs100 deposit, Rs75.59 went towards lending and the rest was used to purchase government bonds. Exactly a year ago, banks had lent Rs72.79 out of every Rs100 deposit and had parked the rest in bonds. The biggest share of credit goes to industry followed by services and individuals, whereas a very little part goes to agriculture.
The deployment of Point-of-Sale (POS) terminals-Electronic devices used to make payment by debit/credit cards rather than paying by cash at merchant/retail stores-doubled to 3.2 million at the end of May 2018 from 1.5 million in 2016 November, when Government of India (GOI) announced demonetisation. POS transaction is expected to rise in future as GOI initiative to reduce MDR for small merchants and encouraging banks to promote digital transaction. The business of deploying POS terminals has become fiercely competitive among banks after demonetisation. State Bank of India (SBI), public sector largest bank in terms of assets is retaining top position before and after the demonetisation. However, there is a skewness towards deployment of the terminals, top banks -SBI, Axis Bank, Ratnakar Bank, HDFC Bank, ICICI Bank and Corporation Bank have the highest number of terminals, accounting for more than 80% of all terminals in the country. The skewness in deployment of terminals among top banks could be due to competitive Merchant Discount Rate (MDR)- the merchant has to pay the issuer bank-,An inter-bank transaction fee for debit/credit card. Who gains and who losses under POS terminals transaction? Theoretically, the end-customer does not have to pay any charges for swiping his/her debit/credit cards at the POS terminals but practically merchants shift MDR, which they pay to issuer bank, to the customers by increasing cost of the product and services sold. The MDR that the merchant pays is divided among three entities, the issuer bank (which issues the Debit/Credit card), the acquirer bank (which installs the POS), and the payment gateway. The issuer bank get the maximum share of the MDR. To avoid arbitrary charges charged by banks, Central bank of India, RBI has capped MDR for debit cards but not for credit cards. Effective July 1, 2012, MDR for debit card is 0.75 percent of the transaction amount for value up to RS. 2000 and 1 percent for transaction amount for value above RS. 2000. For Credit cards, the MDR varies between 1.5 percent to 2.5 percent. Competition among banks to deploy POS terminals furnish bargaining power to merchants to get the terminals installation at lower MDR.
Based on responses to the 2017 survey, mobile banking has yet to become a panacea for access to financial lending and saving resources for developing countries, suggesting cultural, regulatory, and commercial obstacles must be examined more closely. Following are two regional cases with very different results, the first is a story of near indifference to mobile banking, the second one of a regionalization of this modern resource.In Latin America, the percentage of respondents who in 2017 reporting having a mobile banking account varied from zero to maximums of 2.4 percent in Argentina and 28.9 percent in Paraguay. Africa showed a much sharper dispersion of results, while also reporting nine of the top 10 shares of respondents with mobile accounts. Even more interesting, the top three were all East African countries: Kenya (72.9%), Uganda (50.6%), Zimbabwe (48.6). Ethiopia, Morocco, and Myanmar were among the African countries with the lowest reported rates of mobile banking accounts, ranging from 0.3-0.75 percent.Use the visualizations below to examine the education, gender, and income differences among mobile account users. ◖ See also: Access to Accounts with Financial Institutions ◗
We are delighted to inform you that a Seventh Middle East Conference on Global Business, Economics, Finance and Banking is being jointly organized by the prestigious SDMIMD, Mysore, Karnataka State, India and the Global Business Research Journals (GBRJ). You are cordially invited to submit your research manuscripts/case studies in all areas of research in Business. In addition to paper presentations and discussions, the Conference will include invited lectures on contemporary topics in emerging trends in Global Business, Economics, Finance and Banking. Event Holder: J A Alpha Business Research & Publishers Pvt. Ltd. Date: 6 October 2018
The Asian Banking Forum (ABF) Southeast Asia brings together a pan-regional audience of retail banking representatives who are responsible for delivering digital change within their institution. Following the launch in 2015, ABF has consistently delivered an extremely practical agenda which drives change in a traditional sector. ABF is presented and attended by retail bank leaders from across Southeast Asia and thus is an annual touchpoint for executive networking and benchmarking. ABF differs from other events in this market by diligently focussing on practical challenges and execution; the agenda considers necessary steps, typical hurdles and practical opportunities to deliver a streamlined digital proposition to customers. Retail banking representatives leave this event with knowledge, ideas and contacts to realise profitable returns from digital investments. Date: 20-21 June 2018 Link
The economy of South India is largely agrarian, industries and services. The below visualizations shows the net state domestic products at factor cost in current prices in billion rupees. We observe that Andhra Pradesh has a rapid growth in the development of agriculture, fishing, electricity, gas and water supply. And Tamil Nadu leads in Banking and Insurance in the year 2014. Tamil Nadu tops in the total per capita and total net state domestic product in billion ruppes in South India.
Source: Top 500 Indian Companies Financial Statistics (Standalone) up to July 2014
Source: Top 500 Indian Companies Financial Statistics (Standalone) up to July 2014
See also: America's Fortune 500 Companies | World's Top Banks | Top 500 Companies in Africa Source: TOP 200 Banks In Africa, 2013