Bangalore: The 2008 global economic crisis had a huge impact on financial institutions across the world. In many countries, there was a sudden rush of withdrawals by depositors, as they started losing trust on financial institutions.

However, the picture seemed better in Asian countries, as banks were more careful with their dealings.

Here is a list of banks that have gained trust in some of the major markets, as compiled by Rediff.

1. India

Trust in Banks: 74 Per Cent

Distrust in Banks: 3 Per Cent

Overall Rank: 1

Indian banks have earned maximum trust by the people and is ranked 1st on trust meter. Unlike Europe and United States, banks in India had not defaulted and have not made customers their lose money.

2. Singapore

Trust In Banks: 69 Percent

Distrust In Banks: 9 Percent

Overall Rank: 2

Inspite having an average of 8 percent economic growth in 2007, Singapore became the first Asian country to fall into recession at the time of global economic crisis that took place in 2008. Through this, it’s very clear that Singapore was more vulnerable to tremors of global economic shocks.

Today, Singapore discloses high trust in its financial institutions.

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