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Home Business Annual competition of Pakistan and India’s banking industry

Annual competition of Pakistan and India’s banking industry

by NWMNewsDesk
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In the fiscal year 2022-23 the assets of Pakistani public sector bank remained 65 billion, India’s 1.6 trillion dollars during the fiscal year 23-2022, India’s private sector credit (GDP) was 50.40% while Pakistan’s 14.80% was recorded.
The financial year 23-2022 comparison between Pakistan and India’s banking industry is presented in a report according to which $7.6 billion of government loans were taken from Banks in Pakistan while $169 billion of government loans were taken in India.
According to data, mobile banking transactions of 387 million were done in Pakistan while in India this number was recorded at 8,841 million.
According to the report, financial participation in Pakistan was 25.30 percent while 79.70 percent in India, the total assets of the Pakistani bank were $105 billion and the total assets of the Indian bank were recorded at $2.6 trillion.
Last fiscal year, assets of Pakistani public sector bank were $65 billion, while India’s $1.6 trillion remained, Pakistani scheduled bank reserves were recorded at $72 billion and India’s record of 2.2 trillion.
The report said that the Pakistani forex reserve was $13 billion while the Indian recorded $602 billion, the interest rate in Pakistan was 22 percent while India recorded 6.50 percent.
The percentage of infection in Pakistan was 9.30 percent while India was 7.50 percent.
Last fiscal year, total bank accounts in Pakistan were 65 million while 2.2 billion were recorded in India, and total atms increased from 15000 in Pakistan, while this increase was recorded more than 250000 in India.

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