HDFC becomes the 10th largest bank in the world...
HDFC becomes the 10th largest bank in the world...Indian banks, which were beset by massive non-performing assets (NPAs) only a few years ago, are now in direct competition with the top global banks. By the conclusion of the second quarter of 2024, hdfc bank, a private sector bank, had grown in market value by 17%. The bank's market capitalization has surpassed $154.4 billion as well. As a result, hdfc bank is now the tenth-biggest bank globally. In addition to hdfc bank, other banks worldwide data-face fierce competition from State Bank of india and ICICI Bank.HDFC is ranked tenth in the world.The top three banks in india that distribute loans are hdfc, sbi, and icici bank, according to statistics from GlobalData. During the june quarter, the market capitalization of all three of these banks experienced growth. As a result, the global ranking of these three banks has likewise been steadily rising. hdfc bank is now ranked tenth, having risen three spots in the rankings. Global data indicates that this increase is the result of the bank's good quarterly performance, investors' upbeat sentiment, and growing hopes for its future. The quarterly results of hdfc bank will be released on July 20.ICICI bank is ranked eighteenth.By the end of the first quarter of 2024, Royal Bank of canada was ranked tenth, according to the research. Conversely, by the conclusion of the june quarter, ICICI Bank's market value had climbed by 11.5 percent to $102.7 billion. As a result, it is now ranked 18th out of the top 25 banks worldwide. TD bank ranked eighteenth during the march quarter. The quarterly results of icici bank will be released on July 27.