India’s banking sector soars with record profitability India’s banks have climbed the global rankings, now placing fourth in net profit share, surpassing France. 🔹 Kotak Mahindra Bank: Most profitable in India, with a 22% rise in net profit to $2.2B, driven by lending growth and acquisitions. 🔹 State Bank of India (SBI): Highest net profit at $8.4B, ranking 6th in APAC and 28th globally, benefiting from government support and efficiency improvements. 🔹 HDFC Bank: Strong private sector leader with a $7.9B net profit, boosted by its 2023 merger but facing rising costs. 🔹 ICICI Bank & Others: ICICI excels in operational efficiency, while Punjab National Bank (PNB) sees the highest profit growth (172.6%) due to asset recovery. Read the full article to explore how Indian banks are reshaping global finance. Read the full article: https://bit.ly/4kgCMTH Axis Bank, Bank of Canada, Bank Of Africa - France, IndusInd Bank, Punjab National Bank (PNB), Reserve Bank of India (RBI), Standard Chartered India #Banking #Finance #India #Profitability #ICICI #HDFC #SBI #Kotak #Fintech #Economy #TABInsights #TheAsianBanker #TabGlobal
Keerthana Venkatachalam