Competition in the Indian Banking Sector: A Panel Data Approach

Zhiheng Li, Shuangzhe LIU, Fanda Meng, Milind SATHYE

Research output: Contribution to journalArticlepeer-review

9 Citations (Scopus)
42 Downloads (Pure)


The paper aims to assess the level of competition in the Indian banking sector overall as well as within the three groups of banks: foreign owned, state owned (public sector), and privately owned. We use panel data for the period from 2005–2018. We found that the overall competition in the Indian banking sector is strong, although there are differences by type of bank ownership. The Indian banking market continues to be characterized by monopolistic competition. The various policy measures taken by the Indian government in recent years appear to have helped boost competition. A policy suggestion would be to further liberalize the banking sector for foreign investment.
Original languageEnglish
Article number136
Pages (from-to)136-151
Number of pages16
JournalJournal of Risk and Financial Management
Issue number3
Publication statusPublished - Sept 2019


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