Signaling a positive roadmap for the Indian banks, S&P Global has recently said the Indian banks have been among the best-performing lenders among peers in Asia as three Indian lenders made it to the list of top 50 banks by assets in the Asia-Pacific region in 2023, up from two in 2022.
As per the data, the aggregate assets of the lenders rose sharply by 50.5% y/y to $1.51 trillion in 2023.
In the list, State Bank of India is at the 20th position, HDFC Bank at 33 and ICICI Bank at 48th spot.
A large part of the increase was due to the merger of HDFC Bank Ltd. with its parent Housing…
