HDFC Bank Surpasses SBI As per HDFC Bank Surpasses SBI under CRISIL’s Corporate Banking Ranking for 2023 & securing the top spot in Large Corporate Banking.
CRISIL’s Corporate Banking Ranking for 2023– in details
As per reports by Coalition Greenwich, a division of CRISIL, HDFC Bank, India’s largest private lender, had overtaken State Bank of India (SBI) to secure the top spot in CRISIL’s Greenwich market share Leaders in Large Corporate Banking. As a significant finding from the Coalition Greenwich study is that nearly 90% of large and middle-market Indian corporates are optimistic about their business outlook for the coming year, which likely contributes to their willingness to collaborate with India’s largest banks to drive expansion, internationalization, and increased efficiency.
The table below illustrates the shift in market share among Indian corporates working with leading banks for the overall corporate banking sector from 2021 to 2022:
|2021 Market Share (%)||2022 Market Share (%)|
|Large Indian Private Banks||33||38|
|Large Foreign Banks||18||21|
|Smaller Indian Private Banks||21||18|
HDFC Bank overtakes SBI
Who topped CRISIL’s Corporate Banking Ranking for 2023?
HDFC Bank India’s largest private lender, topped CRISIL’s Corporate Banking Ranking for 2023
What is the top ranking of HDFC Bank?
HDFC Bank’s market valuation rose by Rs 3,43,107.78 crore, making it the second most valuable company after Reliance.