Number of Loan Accounts, Commercial Banks, of Which: Household Sector in India
India: Number of Loan Accounts, Commercial Banks, of Which: Household Sector was 390.69 million in 2024. ◆ Volatile
Number of Loan Accounts, Commercial Banks, of Which: Household Sector in India, 2004–2024
Source: International Monetary Fund.
Analysis
In 2024, number of loan accounts, commercial banks, of which: household sector in India stood at 390.69 million. That is the highest value across all 21 years on record.
That represents a change of up 12.2% on the previous year and up 188.6% over ten years.
Over the whole period, number of loan accounts, commercial banks, of which: household sector in India peaked at 390.69 million in 2024 and was at its lowest, 4.21 million, in 2004.
That places India 3rd out of 100 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Number of Loan Accounts, Commercial Banks, of Which: Household Sector in India, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 4.21 million | — |
| 2005 | 5.71 million | +35.5% |
| 2006 | 7.77 million | +36.1% |
| 2007 | 9.45 million | +21.7% |
| 2008 | 11.57 million | +22.4% |
| 2009 | 13.17 million | +13.8% |
| 2010 | 14.85 million | +12.8% |
| 2011 | 17.51 million | +17.9% |
| 2012 | 20.39 million | +16.5% |
| 2013 | 124.92 million | +512.5% |
| 2014 | 135.39 million | +8.4% |
| 2015 | 140.49 million | +3.8% |
| 2016 | 158.46 million | +12.8% |
| 2017 | 167.78 million | +5.9% |
| 2018 | 188.95 million | +12.6% |
| 2019 | 224.63 million | +18.9% |
| 2020 | 263.70 million | +17.4% |
| 2021 | 288.23 million | +9.3% |
| 2022 | 309.94 million | +7.5% |
| 2023 | 348.07 million | +12.3% |
| 2024 | 390.69 million | +12.2% |
India compared with similar countries
- India's 390.69 million is above the median for lower middle income countries, which is 597,220, 654.2× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Number of Loan Accounts, Commercial Banks, of Which: Household Sector in India changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +512.5% | 20.39 million | 124.92 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.65 million | 4.21 million | 13.17 million | 6 |
| 2010s | 119.34 million | 14.85 million | 224.63 million | 10 |
| 2020s | 320.13 million | 263.70 million | 390.69 million | 5 |
Countries ranked near India
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 number of loan accounts, commercial banks, of which: household sector in India?
- Number of loan accounts, commercial banks, of which: household sector in India was 390.69 million in 2024, according to International Monetary Fund.
- What is the highest number of loan accounts, commercial banks, of which: household sector recorded in India?
- The highest recorded value was 390.69 million in 2024.
- What is the lowest number of loan accounts, commercial banks, of which: household sector recorded in India?
- The lowest recorded value was 4.21 million in 2004.
- How does India rank for number of loan accounts, commercial banks, of which: household sector?
- India ranks 3rd out of 100 countries with data for 2024.
- Is number of loan accounts, commercial banks, of which: household sector rising or falling in India?
- Over the last ten years it is up 188.6%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from International Monetary Fund, published as part of Number of Loan Accounts, Commercial Banks, of Which: Household Sector Loan Accounts. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.