China’s digital banks have rocketed up The Banker’s best-performing table, overtaking the mega state-owned lenders.
India’s private sector banks are enjoying a period of growth and climbing up The Banker’s Top 1000 World Banks ranking. Rekha Gupta Menon reports on how strategic M&A has enabled some banks to see strong expansion.
China’s largest state-owned banks have retained their places at the top of the Top 1000 ranking, despite the strength of the US dollar affecting their core capital levels.
A big shake-up occurred in the Canadian banking sector in 2022, with TD overtaking RBC as the biggest bank by Tier 1. However, it is BMO that comes up trumps in performance.