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India's Best Banks 2009
Living Media India Limited (India Today), Dec 2009, Pages: 39
The 16th BT-KPMG study on Indian banks throws up a new winner as well as a pack of surprise climbers, and highlights the shifting trends in Indian banking. The financial year 2008-09 was many things to many people—difficult, a rude bolt from the blue, a lesson in moderation and a reminder that yesterday’s masterstroke can abruptly transform into evident folly. What 2008-09 wasn’t for sure is predictable. And that’s reflected in the rankings of the 16th BT-KPMG Best Banks study.
If the global recovery is just a shadow, does India have the strength to sustain itself through increasing domestic demand for a longer period of time? The answer, perhaps, lies in the fact that with a robust banking system that has managed to ride over the crisis and is sitting on piles of deployable capital, we may be able to ride out a tougher storm better than most others. In any event—short-term recovery or long-term—the banking system will have to play the lynchpin role in sustaining the growth story for India.
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