If we look at the number of bank branches rather than the number of competitors, we see a significant increase in the number of branches in the average urban market, with the entire increase coming from branches of large banks (figure 11).
BIS Review 137/2007  5  •  Unlike some of the countries where overall exposure limits have been placed on the foreign-country related business, India has not placed any restriction on the kind of business that can be routed through the branches of foreign banks.