Emerging Opportunities in the Indian Consumer Finance Industry: Market Size, Strategies, Products and Competitive Landscape
05 Jun, 2012, 16:14 BST
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Synopsis
The report provides detailed market analysis, information and insights into the Indian consumer finance market, including:
• Current and forecast values for the Indian consumer finance market
• Comprehensive analysis of the industry's market attractiveness and key trends and drivers supporting the growth of the consumer finance market in India
• Detailed analysis of the marketing strategies adopted by banks in India for selling consumer loans
• Detailed analysis of the challenges affecting the Indian consumer finance market
• Company profiles of the major banks in the Indian consumer finance market
Summary
The Indian consumer finance market recorded a compound annual growth rate (CAGR) of 16.4% during the review period (2007–2011). It is projected to retain a high CAGR of 14.55% over the forecast period (2012–2016). The strong growth will be driven by the country's improving macro- and micro-economic fundamentals, and by the increasing domestic demand for consumer finance services. India's rising employment levels are expected to generate more demand for consumer finance in the country. The unemployment rate in India is projected to decrease from 6.6% in 2011 to 6.3% in 2016. The improving employment conditions in the country will encourage Indians to increase their personal consumption expenditure, which will create a higher demand for consumer finance products, such as personal loans, education loans, auto loans and mortgage loans. The country's sustained economic growth, rising disposable income levels, affordable interest rates and tax incentives are the main macroeconomic growth drivers that are encouraging the housing loan category's development in India. Although the Indian consumer finance market registered significant growth during the review period, the market's growth decelerated towards the end of the review period as a result of the country's microfinance crisis caused by India's strict regulatory environment. The Indian banking industry is well regulated and contains 167 commercial banks. The banks operating in India include a mixture of both domestic and foreign businesses. Despite the fragmented nature of the Indian banking industry, the competitive landscape for the Indian consumer finance market varies significantly depending on each product category.
Scope
• This report provides an extensive analysis on the consumer finance market in India
• It details historical values for the consumer finance market in India for 2007–2011, along with forecast figures for 2012–2016
• The report provides a detailed analysis on key trends and drivers, marketing strategies, and challenges in the consumer finance market in India
• It outlines the current regulatory framework in the industry
• It details the marketing strategies adopted by various banks
• It profiles the major banks in India
Reasons To Buy
• Make strategic business decisions using historic and forecast market data related to the Indian consumer finance market
• Understand the key market trends and growth opportunities in the Indian consumer finance market
• Assess the competitive dynamics in the Indian consumer finance market
• Gain insights into the marketing strategies adopted by banks to sell consumer finance products
• Gain insights into key regulations governing the consumer finance market in India
Key Highlights
• Housing loans was the largest category in the Indian consumer finance market, and it generated approximately 56.9% of the total market value in 2011.
• The gold loans category was the fastest growing in the Indian consumer finance market during the review period. It recorded an impressive CAGR of 43.93% during the review period.
• The education loans category recorded the second-fastest CAGR of 30.20% during the review period. This growth was primarily due to the rapid expansion of India's education services, as well as the rising number of students choosing to travel aboard to access higher education.
• The auto finance category recorded a strong CAGR of 18.85% during the review period
• The Indian credit card loans category is in the initial stages of development. It recorded a CAGR of -0.28% during the review period. This was mainly due to the country's high defaults rate and the availability of other popular credit products in the Indian consumer finance market.
Table of Contents
1 Executive Summary
2 Future Outlook of Consumer Finance in India
3 Indian Consumer Finance Market Dynamics
3.1 Macroeconomic fundamentals
3.1.1 GDP
3.1.2 Annual disposable income
3.1.3 Inflation rate
3.1.4 FDI inflows
3.2 Consumer attitudes towards credit
3.3 Key performance indicators
3.4 Regulatory framework
4 Indian Consumer Finance Market Opportunity and Growth Potential
4.1 Overview
4.2 Personal Loans
4.3 Credit Card Loans
4.4 Auto Loans
4.5 Gold Loans
4.6 Housing Loans
4.7 Education Loans
5 Key Trends and Growth Drivers for the Indian Consumer Finance Market
5.1 Personal Loans
5.2 Credit Card Loans
5.3 Auto Loans
5.4 Gold Loans
5.5 Housing Loans
5.6 Education Loans
6 Industry Structure and Competitive Landscape
6.1 Indian Banking Industry Market Share
6.2 Housing Loan
6.3 Auto Loan
6.4 Credit Card Loan
6.5 Education Loan
6.6 Gold Loan
7 Strategies
7.1 Marketing and Product Strategies
7.2 Market Entry Strategies
7.3 Growth Strategies
8 Challenges
9 Company Profiles
9.1 State Bank of India (SBI)
9.2 Housing Development Finance Corp. Ltd (HDFC)
9.3 ICICI Bank Ltd
9.4 Kotak Mahindra Bank
9.5 AXIS Bank Limited
9.6 Other private banks
10 Appendix
10.1 About BRICdata
10.1.1 Areas of expertise
10.2 Methodology
10.3 Disclaimer
List of Tables
Table 1: Indian GDP at Constant Prices (US$ Billion), 2007-2016 (Base Year 1999-2000)
Table 2: Indian Annual Disposable Income (US$ Billion), 2007-2016
Table 3: Indian Inflation Rate (%), 2007-2016
Table 4: Indian Banking Industry Value by Loans and Deposits (US$ Billion), 2007-2016
Table 5: Indian Banking Industry Growth by Performance Indicator (%), 2007-2016
Table 6: Indian Consumer Finance Market Size (INR Trillion), 2007-2011
Table 7: Indian Consumer Finance Market Size by Category (INR Billion), 2007-2016
Table 8: Indian Personal Loans Market Size (INR Billion), 2007-2016
Table 9: Indian Credit Card Loans Market Size (US$ Million), 2007-2016
Table 10: Indian Auto Loans Market Size (INR Trillion), 2007-2016
Table 11: Indian Gold Loans Market Size (INR Billion), 2007-2016
Table 12: Indian Housing Loans Market Size (INR Trillion), 2007-2016
Table 13: Indian Education Loans Market Size (INR Billion), 2007-2011
Table 14: Indian Credit Card Transactions Volume and Value, FY2009-FY2011
Table 15: Market Entry Strategy of Foreign Banks in India
Table 16: Foreign Banks in India
List of Figures
Figure 1: Indian Future Outlook of Consumer Finance (INR Billion)
Figure 2: Indian GDP at Constant Prices (US$ Billion), 2007-2016 (Base Year 1999-2000)
Figure 3: Indian Annual Disposable Income (US$ Billion), 2007-2016
Figure 4: Indian Inflation Rate (%), 2007-2016
Figure 5: Indian FDI Inflows (US$ Billion), 2007-2010
Figure 6: Indian Banking Industry Value by Loans and Deposits (US$ Billion), 2007-2016
Figure 7: Indian Banking Industry Growth by Performance Indicator (%), 2007-2016
Figure 8: Indian Consumer Finance Market Size (INR Trillion), 2007-2016
Figure 9: Indian Consumer Finance Market Size by Category (INR Billion), 2007-2016
Figure 10: Indian Personal Loans Market Size (INR Billion), 2007-2016
Figure 11: Indian Credit Card Loans Market Size (INR Billion), 2007-2016
Figure 12: Indian Auto Loans Market Size (INR Trillion), 2007-2016
Figure 13: Indian Gold Loans Market Size (INR Billion), 2007-2016
Figure 14: Indian Housing Loans Market Size (INR Trillion), 2007-2016
Figure 15: Indian Education Loans Market Size (INR Billion), 2007-2016
Figure 16: Indian Unemployment Rate (%), 2007-2016
Figure 17: Indian Urban and Rural Population (%), 2007-2016
Figure 18: Indian Number of Households (Million), 2007-2016
Figure 19: Indian Leading Banks by Assets (% Share), March 2011
Figure 20: Indian 10 Leading Banks by Assets (INR Billion), March 2011
Figure 21: Indian Housing Loans Market Share (%), 2011
Figure 22: Indian Auto Loans Market Share (%), 2011
Figure 23: Indian Credit Card Loans Market Share (%), 2011
Figure 24: Indian Gold Loans Market Share (%), 2011
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