Money grows

According to a survey of 96 banks done by FE — BRIS, IndusInd Bank is the top bank of India, as it has maintained its last year’s position. In the survey, teh banks were evealuated on 35 parameters which can be broadly classified into financial, operational, profitabality and productivity heads. Of the 96 banks which were surveyed, 28 were public sector banks, 31 private sector banks and 37 foreign banks.

The banks which have really grown in ranking are HDFC Bank which has come from 72 in 1995-96 to be ranked four this year; and Global Trust Bank

which rose from 41 to five since last year. Sakura Bank dropped from third position to tenth while ICICI Banking Corporation maintained its position. Of the top ten, five are foreign and one is promoted by NRIs.