Nine Indian banks among top 50 in Asia
As many as nine Indian banks, led by HDFC Bank and ICICI Bank, have made it to the list of top 50 Asian Banks.
However, none of the Indian banks could qualify for top 10, as per this year’s Asian Banker 300 report released today.
The performance of India pale when compared with Hong Kong as 11 banks from the Chinese region are in the top 50.
Commending on Indian banks, the report said, “This (achievement) is no surprise given the Indian economy is in overdrive, with buoyant consumption and investment demand driving the banking sector’s strong balance sheet growth.”
