Specialist in Indian Banking and Economic Research

Hemindra Hazari

Is a Securities & Exchange Board of India (SEBI) registered research analyst with over 25 years experience in the Indian capital markets with a specialization in banking and economy research and has managerial experience of establishing profitable equities business, leading and mentoring analysts.  He has worked with prominent foreign and domestic capital market firms such as UBS, Societe Generale, HSBC, ASK Raymond James  and Karvy Stock  Broking and is a regular guest on business media channels and is respected for his non-consensus view on stocks and the market.

Where Are the Private Banks in Rural India?

Thematic (Sector/Industry)

India Automobiles and components / Thematic (Sector/Industry)

Motoring through some of the tourist venues of Amritsar (Punjab) and the hilly and mainly rural centres of Dalhousie, Mcleodganj and Manali in Himachal Pradesh was an experience, as the sights and tastes were different from what one is used to staying and working in a metro and cosmopolitan environment. In an earlier <a href="https://hemindrahazari.com/2019/11/11/where-are-the-private-banks-in-rural-india/" target="_blank" rel="noopener">note</a> this writer had emphasised the negligible presence of private sector banks and the dominance of government banks, especially <a href="https://www.smartkarma.com/entities/punjab-national-bank" target="_blank" data-smartkarma-citation="entities:542:1" rel="noopener">Punjab National Bank (PNB IN)</a> and <a href="https://www.smartkarma.com/entities/state-bank-of-india" target="_blank" data-smartkarma-citation="entities:160:1" rel="noopener">State Bank Of India (SBIN IN)</a> , on this route. In terms of automobiles, the local taxis were mainly <a href="https://www.smartkarma.com/entities/maruti-suzuki-india-ltd" target="_blank" data-smartkarma-citation="entities:733:1" rel="noopener">Maruti Suzuki India (MSIL IN)</a>Altos, while taxis hired for touring from the cities were generally <a href="https://www.smartkarma.com/entities/toyota-motor-corp" target="_blank" data-smartkarma-citation="entities:73:1" rel="noopener">Toyota Motor (7203 JP)</a>Innovas. For slightly larger touring groups, <a href="https://www.smartkarma.com/entities/force-motors-ltd" target="_blank" data-smartkarma-citation="entities:7676:1" rel="noopener">Force Motors (FML IN)</a>12-seater Traveller was the preferred vehicle. Oyo Hotels, a budget chain, was also prominent in most of the villages on this route.

Motoring through some of the tourist venues of Amritsar (Punjab) and the hilly and mainly rural centres of Dalhousie, Mcleodganj and Manali in Himachal Pradesh was an experience, as the sights and tastes were different from what one is used to staying and working in a metro and cosmopolitan environment. In an earlier note this writer had emphasised the negligible presence of private sector banks and the dominance of government banks, especially Punjab National Bank (PNB IN) and State Bank Of India (SBIN IN) , on this route. In terms of automobiles, the local taxis were mainly Maruti Suzuki India (MSIL IN)Altos, while taxis hired for touring from the cities were generally Toyota Motor (7203 JP)Innovas. For slightly larger touring groups, Force Motors (FML IN)12-seater Traveller was the preferred vehicle. Oyo Hotels, a budget chain, was also prominent in most of the villages on this route.

Rural India: A Very Different Market, Even in Prosperous Pockets