Financial Insights

ICICI among Top 50 banks in Asia-Pacific

ICICI Bank has made it’s way into the list of Top 50 banks in the Asia-Pacific region. This makes ICICI the third Indian bank to make it into the list alongside HDFC and SBI.

SBI stands at the 22nd place with assets worth $695 billion, followed by HDFC at 44th place with $279 billion and finally ICICI at 50th spot with $226 billion. They manage assets worth $1.2 trillion altogether.

China was the leader in the list as 22 out of the 50 top banks were Chinese. These Chinese banks manage assets worth $34.52 trillion, 34 times higher than the three most systemically Indian banks combined.

Japan was next with 8, followed by South Korea and Australia with 6 and 4 respectively.

Highlight by Aman Agarwal.

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