Public Sector Banks have MORE resistance

Despite better profit performance, banks have been unable to increase investor confidence during the last one year. Private sector banks lost a significant amount of investors' wealth during February 13, 2008 and February 13, 2009.

Asset quality will remain in focus

While the global banking sector is in shambles, the Indian banking industry, while facing its own battles, has been building advantages. Fund managers and research outfits reckon that the sector will have to gear up to the slowdown as well and focus on asset quality in the times ahead. At the moment, things look rather smug.

Fndamentals Still Strong

The global economic environment continues to be uncertain. The world economy, which was passing through unprecedented financial turmoil since August 2007, experienced a jolt in September 2008 when the failure of Lehman Brothers led to widespread panic across global financial markets.

‘stimulus packages will help, but won't solve the problem’

The ongoing global financial crisis, having its origin in the US subprime crisis, has rapidly expanded into other broader areas of the economy as well as geographical areas.

Downturn Action Plan

Nobody in London's financial circle at present knows how long the current turmoil-global financial crisis-would continue. Not only European economists but even the British Central Bank is not fully aware about the longevity of the current economic crises in the UK.

A grand make-over

Union Bank has effected a great deal of modernisation on all fronts in recent years and is reaping the benefits in terms of faster growth Despite a tight monetary policy, the bank’s net profit surged to a record growth of 64.14% y-o-y to Rs 1,387 crore in FY08.

On An Expansion Drive

India’s largest foreign bank, Standard Chartered Bank, has made it to the top by consistently performing across various businesses like transaction banking, financial markets, wealth management, SME banking and so on.

Investing in theme India

Despite facing turbulent times and challenges ahead, German entity Deutsche Bank has managed to have a successful balance sheet.

Maximising Prospects

Citi, the seventh oldest bank in India, has been providing banking services in the country since 1902. The bank that opened its first office in Kolkata, currently operates 40 branches in India.

Striking a correct balance

By crafting a selective business strategy—low on cost and high on productivity— Bank of America is thriving to be one of the best foreign banks in the country.

On a Pragmatic growth path

Tamilnad Mercantile Bank Ltd was registered on May 11, 1921 as a Banking Company under the Companies Act and the first branch at Tuticorin was opened on November 11, 1921.

A People-centric approach

Thrissur-based South Indian Bank has no reservations in admitting that it derives its strength from its employees and their emphasis on providing personalised customer service.

Confident About Expansion

In a bid to foray into commercial banking, the country’s largest housing finance company, Housing Development Finance Corporation had set up HDFC Bank as a new generation private sector bank in August 1994.

Growth and Prudence

Axis Bank was amongst the first of the new private banks to have begun operations in 1994, after the government of India allowed new private banks to be established. Then, the bank was popularly known as UTI Bank and re-branded itself as Axis Bank two years ago.

Setting New Benchmarks

One of the top five banks in the country, Bank of India, of late, has been the frontrunner in terms of profitability and growth in the Indian banking industry.

Leveraging technology

The financials bear witness to Indian Bank’s path to continuous growth. Speaking about this, MS Sundara Rajan, chairman and managing director, Indian Bank said, “One important achievement during the year was the assigning of the BBB(-) long-term and A-3 short term counterparty rating by the international rating agency Standard & Poors to our bank.

Latest News

Print Edition

Events