The saving deposits are controlled by few banks in India and as per reports a few selected banks hold the more than 50% of total deposits of Indian public. Just five commercial banks hold 50 per cent of all deposits in India, and the top 10 (of which 7 are government banks) account for 75%.
The majority of banks are public sector bank and they hold 62% of all such deposits together where as 32% are with private banks and rest with others including foreign banks. Most interestingly the small finance banks which are offering the highest saving interest rates are lagging with just 0.8% share.
Do You Want To Say Something :