Five Indian banks among world's top 500....!  

Posted by ChEthAn in

Recently 'The Banker', a part of the Financial Times group figured out five Indian banks in the list of the world's top 1,000 banks in 2009.

According to them 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. As per my knowledge HSBC is the only bank that has not received any government support till now.

Coming back to the indian banks State Bank of India holds the first position among the Indian banks and ranked 64th position and ICICI bank ranked 81st among global banks. Punjab National Bank , HDFC Bank and Bank of India at 239, 242 and 263, respectively :) .

Its an great achievement from Indian banks to hold postions in world banking system.. This clearly shows that our regulatory systems are really in strong shape.