Thursday, August 18, 2016

ROE : AXIS, HDFC BANK BEATS CHINESE GIANTS

Indian private sector banks - HDFC Bank, Axis Bank and ICICI Bank  have beaten their Chinese peers China Construction Bank Corp, Industrial and Commercial Bank of China  and Agricultural Bank of China, on key return ratios, namely return on equity and return on assets.

 A comparison of the top 10 Indian banks and top 10 global banks reveals that banks in these two countries enjoy the best in class return ratios among global peers.

For FY16, HDFC Bank and Axis Bank earned the highest return on assets of 1.91 per cent and 1.67 per cent, respectively, followed by CCB, which clocked return on assets of 1.3 per cent. ICBC and ICICI Bank completed the top five list with RoAs of 1.29 per cent and 1.17 per cent, respectively.

American Banking giants JPMorgan Chase and Bank of America have given less than one percent RoE.

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