| Banking and Insurance |
There is an overall improvement in the profitability situation in the recent years and also broad convergence of profitability across various bank groups. Since the mid-1990s, profitability levels of commercial banks have hovered in range of |
0.7-0.8 per cent, except during certain exceptional years. With the retail-banking sector expected to grow at a rate of 30%, players are focusing more and more on the retail sector and are waking up to the potential of this sector of banking.
The insurance sector in India has come a full circle from being an open competitive market to nationalize and then back to a liberalized market again. |
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