Barclays balance sheet is not in the league of the big four foreign banks - Citi, Standard Chartered, HSBC and Deutsche - but the bank surpasses competition in terms of CAGR on deposits, advances, fee income and operating profits.
In the past three years, the bank's advances grew even faster at 27.85 per cent CAGR, while in 2015/16 it grew by 29.99 per cent, according to BT-KPMG study. Growth in deposits clocked 18.61 per cent CAGR in the three-year period, but picked up pace in 2015/16 to 22.53 per cent.
Axis Bank has emerged as best bank with best digital initiatives.
Another issue is confusion due to the lack of a unified law/framework to deal with the problem.
'Payments banks' is the latest buzzword in banking circles, the next big thing, something that has the potential of giving wings to the government's ambitious financial inclusion targets.
The RBI has taken several initiatives to tackle the mounting bad loan problem of banks but their implementation remains a challenge.
Indian banks are battling numerous challenges, including digitisation, deteriorating asset quality, disruption from new financial sector players and, now, demonetisation. The 21st edition of the BT-KPMG Best Banks study identifies banks that have flourished despite the odds and raises a toast to those that are the best in class.
HDFC Bank is gradually raising the bar in the banking industry with expanding size, unmatched profitability and low delinquencies.
Another old-generation private sector bank is making it to the top of the heap.
Arundhati Bhattacharya, SBIs first woman chairman, has shown her mettle by taking challenges head on.
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