india-best-banks News

From India's Best Banks 4 years ago

‘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.

From India's Best Banks 4 years ago

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.

From India's Best Banks 4 years ago

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.

From India's Best Banks 4 years ago

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.

From India's Best Banks 4 years ago

Investing in theme India

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

From India's Best Banks 4 years ago

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.

From India's Best Banks 4 years ago

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.

From India's Best Banks 4 years ago

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.

From India's Best Banks 4 years ago

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.

From India's Best Banks 4 years ago

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.

From India's Best Banks 4 years ago

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.

From India's Best Banks 4 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.

From India's Best Banks 4 years ago

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.

From India's Best Banks 4 years ago

Approach Framework

Banks were categorised into public sector banks, old private sector banks, new private sector banks and foreign banks.

From India's Best Banks 4 years ago

Banks need to strive to stay liquid, maintain growth, credit quality

This edition of the FE-EY India’s Best Banks Survey comes against the backdrop of the financial crisis imported from the US, which has had a far-reaching impact on the global economy.