Four Indian entities among 20 largest Asia Pacific banks in Q3:S&P analysis

Four Indian lenders were among the 20 largest banks in the Asia-Pacific region in terms of market capitalisation in the third quarter of 2021, according to data compiled by S&P Global Market Intelligence.

HDFC Bank was ranked seventh with a market cap of $119 billion, which represented a quarter-on-quarter rise of 6.7 per cent. It was followed by ICICI Bank, which saw its market cap rise 11.2 per cent QoQ to $65.5 billion, helping it move up three spots to 12th.

State Bank of India climbed two spots to 17th on the list after its market cap rose 8.1 per cent to