Indian Banks Among Top 50 in Asia-Pacific: SBI, HDFC Bank, and ICICI Bank Shine
| Aspect | Details |
|---|---|
| Report Source | S&P Global |
| Top Indian Banks | State Bank of India (SBI), HDFC Bank, ICICI Bank |
| SBI | - Rank: 21 in 2023 (improved from 20 in 2022) - Assets: $780.05 billion |
| HDFC Bank | - Rank: 33 in 2023 (improved from 46 in 2022) - Assets: $464.34 billion (post-HDFC merger) |
| ICICI Bank | - Rank: 48 in 2023 (debut) - Assets: Milestone growth |
| Regional Comparison | - Chinese banks dominate: 6 out of top 10 in Asia-Pacific - Largest bank: Industrial and Commercial Bank of China Ltd. |
| Declines in Other Regions | - Japanese banks: 2.5% decline in assets - South Korean banks: 0.9% decline |