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Retail Banking Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

10-31-2023 06:42 AM CET | Media & Telecommunications

Press release from: Orion Market Research

Retail Banking Market is Anticipated to Increase at a Stable CAGR

Global retail banking market is anticipated to grow at a CAGR of 4.6% during the forecast period (2023-2030). Mobile banking apps, internet banking platforms, ATMs, credit scoring and risk assessment software, customer relationship management (CRM) systems, and accounting and financial management software are available to customers to perform banking activities such as checking balances, transferring funds, paying bills, making deposits, and accessing various banking services. These tools offer customers the convenience of managing their finances from any location. Furthermore, the market's growth is attributed to consumer banking. The group includes a wide variety of banking services for individual consumers, including checking and savings accounts, personal loans, and credit cards. Demand for banking and financial services in semi-urban and rural areas owing to increasing income levels and economic activity is also contributing to revenue growth. 

Recent Market Developments-

In June 2023, iGCB launched the Open Finance-enabled retail banking platform. It includes end-to-end retail banking services across savings, deposits, payments, cards, lending, trade finance, treasury, and digital banking.
In May 2023, HDFC Bank launched the retail banking program 'Vishesh' for customers in semi-urban and rural geographies wherein it plans to onboard around 1 lakh new customers.

To Request a Sample of our Report on Retail Banking Market:  https://www.omrglobal.com/request-sample/retail-banking-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Type
By Service

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- JPMorgan Chase & Co., Bank of America Corp., Industrial and Commercial Bank of China Limited, Agricultural Bank of China, Wells Fargo & Co., BNP Paribas, HSBC, and others

Retail Banking Market Report Segment

By Type 

Public Sector Banks
Private Sector Banks
Foreign Banks
Community Development Banks
Non-banking Financial Companies (NBFC)

By Service

Transactional Accounts
Savings and Checking Accounts
Debit Cards
Credit Cards
Mortgages
Loan (Home Loan, Personal Loan, Car Loan, and Other)

A full Report of Retail Banking Market is Available @  https://www.omrglobal.com/industry-reports/retail-banking-market

Retail Banking Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

BNP Paribas S.A.
Bank of Baroda
Bank of China
Barclays plc
BNP Paribas S.A.
China Construction Bank
Citigroup Inc. 
Commonwealth Bank 
Deutsche Bank
HDFC Bank
Hongkong and Shanghai Banking Corp. Ltd. (HSBC)
Intellect Design Arena Ltd 
Mitsubishi UFJ Financial Group
Morgan Stanley
Royal Bank of Canada
Santander Bank, N. A.
The Insurance Corporation of British Columbia (ICBC)
The Saudi National Bank
UBS Group AG
Wells Fargo & Co.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/retail-banking-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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