A fast-read primer on India's banking sector — the backdrop against which we benchmark every company's cost structure in this category.
More machines, more digital rails, more of the country brought into the formal banking system.
2022 → 2024
Number of institutions by category
Digital infrastructure, steady credit growth, and supportive policy are reshaping the sector.
A sample of the industry-wide and policy moves shaping the sector through early 2026.
Listed Indian Banks companies in tDoBe's cost-benchmarking coverage.
The market facts above are public background. What follows is tDoBe's own work: every "Other Expenses" line from these companies' own financial records, read by hand and sorted into one clear set of categories — not a keyword search, not each company's own way of reporting it.
Each mark is one company's total Other Expenses as % of Total Income. No company is named here.
Ranked from biggest to smallest.
For banks, Other Expenses is dominated by one bucket, Miscellaneous & Others, at roughly 5.3% of Total Income. Insurance and Rent & Occupancy are the next largest, each under 1.3% — everything else is smaller still.
At 2.4x, the gap between the highest and lowest bank here is far narrower than most sectors we've covered. Scale and regulation push large public- and private-sector banks toward a similar cost structure.
Banks don't report a ‘net revenue’ line the way a manufacturer does — their core business is interest income. We use Total Income (interest earned plus other income), the standard base for bank cost ratios, and read every cost line from each bank's own standalone financial statements.
This is the free, sector-wide view. It tells you where Banks stands as a whole — not where your own company stands against it, category by category, in rupees.
A below-average number is a reason to call too — the benchmark keeps improving as we go.