The World's Most Profitable Banks Can Be Found in India
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.
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