IndiaRising: Indian banks have emerged as standout performers in the Asia-Pacific region, showcasing impressive growth and resilience in recent years. In 2023, three Indian lenders secured positions in the top 50 banks by assets, marking a notable increase from two in the previous year.The aggregate assets of these Indian lenders witnessed a remarkable surge of 50.5 per cent to reach $1.510 trillion in 2023. This significant growth was largely driven by the merger of HDFC Bank Ltd. with its parent company, Housing Development Finance Corp. Ltd., in July 2022. Following the merger, HDFC Bank’s assets soared by 51.3 per cent to $466.35 billion, propelling the bank up 13 places to rank…
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SBI, HDFC, ICICI Bank among top 50 Asia Pacific Banks by Assets Value
