The World's Most Profitable Banks Can Be Found in India
- Fraud-hit PNB has lowest return; Temasek-backed AU highest ROE
- ‘India’s banks have had a sharply divided run,’ analyst says
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India’s economic and credit slowdown is revealing the strengths and weaknesses of its banking sector.
Roiled by unprecedented frauds and surging bad debt, the nation’s state-run banks have returned the least to investors this year. However, investors’ belief in the potential of Asia’s No. 3 economy shows in the fact that its newest lenders offer the best returns, and a clutch of private Indian banks are among the world’s most expensive.