Indian middle-class, which is estimated to be 216 Million strong, is coming off its conventional aversion to take loans for buying homes, consumer electronics, and automotives, as per McKinsey & Co - New York-based consulting firm. As a consequence of this change in the perception of India middle class, there has been a continuing increase in retail lending. Compared to 13% four years ago, retail lending increased 69% of the loan portfolio of ICICI.

Banks have been eased up and can now give away the loans they weren't able to provide three-four years before. Increased costs of borrowing have not smashed credit growth because rising incomes allow individuals to reimburse their loans.

ICICI is expanding to medium and small enterprise segment. The bank has observed robust growth both in corporate and retail advances, which has added to its profitability. International and rural banking are powerful growth engines for the bank. Foreign trade has also added to its fee income, as per experts.

As per a Research Analyst's view at RNCOS, who has recently done a report named "Indian Retail Banking Sector Analysis (2006)", rising consumer mortgages, growing investment by Indian corporations, and foreign acquisitions together with government's push for expanding credit in rural areas of India will help sustain growth in the fourth largest economy of Asia.

The research report on "Indian Retail Banking Sector Analysis (2006)" also addresses the issues and facts that are critical to your success:

·How does the competitive market landscape look like for the Indian Retail Banking Industry?
·The opportunities, Strategies and challenges in the industry.
·Pinpoint sectors of growth and identify driving factors of the Retail-banking Sector in India.
·Identify market, brand leaders, and understand the competitive environment.

About the report

The report provides extensive research and objective analysis on the growing retail banking industry, its product quality, and services in India. it also helps clients to analyze the leading-edge opportunities critical to the success of the retail banking Industry in India.

For more information visit: http://www.rncos.com/Report/IM037.htm

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