3 Indian banks, SBI, HDFC Bank and ICICI Bank, have been included in the top 50 banks of the Asia-Pacific region according to a report of S&P Global Market Intelligence released.
Banking & Finance
3 Indian banks, SBI, HDFC Bank and ICICI Bank, have been included in the top 50 banks of the Asia-Pacific region according to a report of S&P Global Market Intelligence released. The list dominated by mainland Chinese banks has been ranked based on their assets (loans). SBI was ranked 20, HDFC Bank 33 and ICICI Bank 48 on the list. Only two Indian banks, SBI and HDFC, were included in the top 50 Asia-Pacific regions based on their assets in the 2022 list. The aggregate assets of these three top Indian lenders rose sharply by 50.5 percent to $1.51 trillion in 2023. Mainland Chinese banks dominated the list. Out of the top 10 banks in the Asia -Pacific region , 6 were Chinese banks.
SBI improved its ranking from 20th in 2023 to 21 in 2022. In 2023, SBI's assets increased to $780.05 billion.
HDFC Bank, was the second-highest-ranked Indian bank in 2023. In 2022, it was ranked 46, while in 2023, it jumped to 33.
ICICI Bank, was included for the first time on the list of the top 50 Asia Pacific banks. ICICI Bank was ranked 48th.
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CEO- Douglas L. Peterson
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