After a year of carnage in the global banking industry, five Indian banks figured in the list of the world's top 1,000 banks in 2009, compiled by trade magazine 'The Banker'. State-owned State Bank of India holds the first position among the Indian banks and ranked 64th position and ICICI bank ranked 81st among global banks.
The top five banks in the world are JP Morgan Chase followed by Bank of America, CITI Group, Royal Bank of Scotland and HSBC Holdings by capital strength. Among all these five banks, HSBC is the only bank that has not received any government support. The other Indian banks in the global first 500 league are Punjab National bank, HDFC Bank and Bank of India at 239, 242 and 263, respectively.
Thursday, July 2, 2009
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