The BSE Sensex has been one of the top-performing areas of investment in the past 40 years, consistently delivering double-digit returns in rupee terms, beating assets such as global equities, precious metals, and fixed income.
From India, Reliance Industries is the only one in the overall top-200 list and is followed by HDFC Bank at 209th, ONGC at 220th, Indian Oil at 288th and HDFC Ltd at 332nd place.
Unlike any other national asset, which is typically sold to the highest bidder, the profile of the bidder is the most important criterion for a licence to bank, and even for acquiring more than 5 per cent stake, explains Tamal Bandyopadhyay.
Most of the companies are Chinese and surprisingly all are diversified banks.
Chinese companies show their prowess among the world's top companies.
It is ranked 7th on the list of world's top-10 consumer finance firms
Reliance improved its ranking this year to 121 from 142 last year, with a market value of $50.6 billion and assets worth $91.5 billion.
The primary market showed some signs of life in a busy day.
The CSI300 of the leading Shanghai and Shenzhen A-share listings has lost almost 11 per cent this week.
While Modi must worry about the electoral backlash of bailing out state-owned banks, China's communist rulers face fewer constraints.
Indian banks are the 2nd-fastest-growing ones.
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