3 Indian banks rank in top 50 Asia-Pacific banks by assets in 2023.

3 Indian banks, SBI, HDFC, and ICICI, have made it to the top 50 banks by assets in the Asia-Pacific region in 2023, up from 2 in 2022, according to S&P Global Market Intelligence. Indian banks have been among the top performers in Asia with improved financial metrics and high credit growth. Aggregate assets of these lenders have increased by 50.5% to USD 1.510 trillion in 2023, with HDFC Bank's assets rising 51.3% to USD 466.35 billion due to the merger with its parent Housing Development Finance Corp.

April 18, 2024
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