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September 11, 2002 | 1132 IST
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20 Indian banks among world's top 1,000

BS Banking Bureau in Mumbai

How many Indian banks figure in the list of the world's top 1,000 banks? Well, you can count them on your fingers: exactly 20. The latest Banker's survey of the world's top 1,000 commercial banks has 16 Indian public sector banks (including two State Bank of India associate banks), three private banks and one co-operative bank in its list.

Only five banks could make it to the list of the first 500 while the rankings of the remaining 15 vary between 513 and 990. The State Bank of India holds the first position among the Indian banks and ranks 136 among global banks. It has improved its position marginally from 144 in the previous year.

ICICI Bank, in contrast, jumped 467 spots, from 724 in 2000-2001 to 257 in 2001-2002, thanks to ICICI's merger with the bank. But the real surprise is Bank of Baroda, which jumped 80 spots, from 432 to 352.

The other two Indian banks in the global first 500 league are Canara Bank (382) and Punjab National bank (499).

Bank of India slipped by two spots - from 511 in the previous year to 533 in 2002 - and Central Bank by a wide distance, from 450 to 575.

The second new private bank to be in the 1,000 top bank league is HDFC Bank, which too substantially improved its ranking from 823 to 623.

Others in the list are Oriental Bank of Commerce (647), Syndicate Bank (809), Allahabad Bank (836), Jammu & Kashmir Bank (853), State Bank of Patiala (853), Indian Overseas Bank (870), Dena Bank (920), State Bank of Hyderabad (952), Andhra Bank (957), Maharashtra State Coop Bank (981) and Bank of Maharashtra (990).

Four banks -- Indian Overseas, Andhra, Maharashtra Coop and Bank of Maharashtra -- make their first appearance in the global list.

The rankings are based on nine parameters -- the strength of their Tier I capital, the size of their assets, their capital adequacy ratio, pre-tax profit, growth in profit and five performance indicators (profits on average capital, return on assets, cost income ratio, Basle capital ratio and percentage of non-performing loans).

The top 10 banks in the world are Citigroup (US), Bank of America (US), Nmizuho Financial Group (Japan), JP Morgan Chase (US), HSBC Holdings (UK), Sumitomo Mitsui Banking Corp (Japan), Credit Agricole Groupe (France), Mitsubishi Tokyo Financial Group (Japan), UFJ Holdings (Japan) and Industrial & Commerical Bank of China (China).

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