Processing .....please wait.. 
The article has been forwarded.... 
Only One Indian Bank among Top 17 BRIC Banks
Other Chinese banks present on the list are - China Merchants Bank with an asset of $362,758 million, China CITIC Bank with an asset of $314,260 million, China Minsheng Banking Corporation with an asset of $275,368 million and China Everbright Bank; with an asset of $224,064 million. Other Chinese banks on the list are - Hua Xia Bank with an asset of $157,081 million, China Guangfa Bank with an asset of $123,585 million and Bank of Beijing with an asset of $110,708 million. According to RNCOS, a market research and information analysis company Compound Annual Growth Rate (CAGR) of the banking industry in China will be nearly 14 percent by 2014. The banking sector is doing very well in spite of economic slowdown in the country. A few reasons behind this trend can be – improved demand for financing, both among corporates and households. Also, economic status of China is improving, with lesser currency depreciation than India. Still, China needs to improve its transparency and risk management in the banking sector.
