20 Indian banks among world's top 1,000

Wednesday, 11 September 2002, 19:30 IST
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BANGALORE: A latest Banker?s survey of the world?s top 1,000 commercial banks has 16 Indian public sector banks, including two State Bank of India associate banks, three private banks and one co-operative bank in its list. State-owned State Bank of India holds the first position among the Indian banks and ranks 136 among global banks. The bank fared better since the last one year and moved from 144 in the previous year. ICICI Bank jumped 467 spots, from 724 in 2000-2001 to 257 in 2001-2002. Bank of Baroda also jumped 80 spots, from 432 to 352, according to a business daily. The top 10 banks in the world are Citigroup (US), Bank of America (US), Nmizuho Financial Group (Japan), JP Morgan Chase (US), HSBC Holdings (UK), Sumitomo Mitsui Banking Corp (Japan), Credit Agricole Groupe (France), Mitsubishi Tokyo Financial Group (Japan), UFJ Holdings (Japan) and Industrial & Commercial Bank of China (China). The other two Indian banks in the global first 500 league are Canara Bank (382) and Punjab National bank (499). HDFC improved substantially from 823 to 623. Others in the list are Oriental Bank of Commerce (647), Syndicate Bank (809), Allahabad Bank (836), Jammu & Kashmir Bank (853), State Bank of Patiala (853), Indian Overseas Bank (870), Dena Bank (920), State Bank of Hyderabad (952), Andhra Bank (957), Maharashtra State Coop Bank (981) and Bank of Maharashtra (990). Indian Overseas, Andhra, Maharashtra Coop and Bank of Maharashtra also entered the 1000 global banks. The rankings are based on nine parameters -- the strength of their Tier I capital, the size of their assets, their capital adequacy ratio, pre-tax profit, growth in profit and five performance indicators (profits on average capital, return on assets, cost income ratio, Basle capital ratio and percentage of non-performing loans).


Source: IANS