Bank concentration in India
India: Bank concentration was 40.9% in 2021. ▲ Rising
Bank concentration in India, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
In 2021, bank concentration in India stood at 40.9%.
The figure is up 3.8% on the previous year and up 38.8% over ten years.
Over the whole period, bank concentration in India peaked at 41.3% in 2019 and was at its lowest, 28.8%, in 2012.
That places India 161st out of 170 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Bank concentration in India, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 34.6% | — |
| 2001 | 34.8% | +0.7% |
| 2002 | 35.7% | +2.7% |
| 2003 | 35.0% | -2.0% |
| 2004 | 33.1% | -5.5% |
| 2005 | 34.0% | +2.6% |
| 2006 | 33.9% | -0.2% |
| 2007 | 32.9% | -2.9% |
| 2008 | 32.5% | -1.2% |
| 2009 | 32.1% | -1.4% |
| 2010 | 30.1% | -6.0% |
| 2011 | 29.5% | -2.2% |
| 2012 | 28.8% | -2.3% |
| 2013 | 29.2% | +1.4% |
| 2014 | 29.3% | +0.5% |
| 2015 | 29.6% | +0.9% |
| 2016 | 32.6% | +9.9% |
| 2017 | 36.0% | +10.6% |
| 2018 | 36.8% | +2.1% |
| 2019 | 41.3% | +12.3% |
| 2020 | 39.4% | -4.5% |
| 2021 | 40.9% | +3.8% |
India compared with similar countries
- India's 40.9% is below the median for lower middle income countries, which is 68.4%, 60% of the median. (38 countries reporting)
- India's 40.9% is below the median for South Asia, which is 49.3%, 83% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.9% | 32.1% | 35.7% | 10 |
| 2010s | 32.3% | 28.8% | 41.3% | 10 |
| 2020s | 40.2% | 39.4% | 40.9% | 2 |
Countries ranked near India
- 158 United Kingdom 42.9% compare
- 159 Bosnia and Herzegovina 41.7% compare
- 160 Paraguay 41.5% compare
- 162 Pakistan 40.6% compare
- 163 United States 38.4% compare
- 164 China 38.3% compare
More financial sector data for India
- Reserve position in the IMF, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.8 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.38 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.8 % change on previous year (2025)
Frequently asked questions
- What is bank concentration in India?
- Bank concentration in India was 40.9% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in India?
- The highest recorded value was 41.3% in 2019.
- What is the lowest bank concentration recorded in India?
- The lowest recorded value was 28.8% in 2012.
- How does India rank for bank concentration?
- India ranks 161st out of 170 countries with data for 2021.
- Is bank concentration rising or falling in India?
- Over the last ten years it is up 38.8%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.