Abstract
Subject and purpose of work:
The study presents a comprehensive analysis of the banking sector in Haryana from 2007 to 2022.
Materials and methods:
The study is based on secondary data. The number of bank branches, deposits, and credits in the state are just a few economic indicators covered in the Statistical Abstract of Haryana. The compound growth rate is calculated to assess the growth of a bank.
Results:
The findings reveal a consistent rising trend in bank branches, credit and deposits of commercial banks. Notable trends include increasing bank branches, a surge in deposits and robust credit growth, indicating a dynamic and thriving banking sector. The Credit-Deposit ratio gradually increased from 2007 to 2011, reaching a peak in 2012 at 102.10%.
Conclusions:
The overall number of bank offices has increased dramatically due to the state’s growing financial sector. The steady expansion in bank branches indicates a sustained effort to improve accessibility and financial inclusion.