Private sector lender HDFC Bank has been rated 27th safest bank in the world, according to latest Bank Safety Ranking by 'The Banker', a Financial Times publication.
The bank has been ranked 27th globally among 250 banks and stood at number 6 in Asia Pacific region, a statement said.
The ranking is based on capital, asset quality, profitability, how the bank funds itself, and the risk environment for each bank's home country.
As per the report, Axis Bank has been ranked at 71, ICICI Bank at 85 and State Bank of India at the 201 position.
Also, Punjab National Bank has been ranked at 206, Bank of Baroda 214, Canara Bank 222 and IDBI at 235 position in the Asia Pacific region.
Copyright©2021 Living Media India Limited. For reprint rights: Syndications Today