Private Banking

Topics: Bank, Bank of America, Banks Pages: 3 (873 words) Published: April 4, 2013
Banking Industry
Global Banking Scenario
Below is a list of the top 10 banks in the world in terms of their assets .
Rank| Bank| Country| Total Assets (US$b)| Date|
1| Deutsche Bank| Germany| 2,805.50| 31/03/2012|
2| Mitsubishi UFJ Financial Group| Japan| 2,641.22| 31/03/2012| 3| HSBC Holdings| UK| 2,637.22| 31/03/2012|
4| Industrial & Commercial Bank of China| China| 2,607.75| 31/03/2012| 5| BNP Paribas| France| 2,545.34| 31/12/2011|
6| Credit Agricole Group| France| 2,514.81| 31/03/2012| 7| Barclays PLC| UK| 2,430.74| 31/12/2011|
8| Japan Post Bank| Japan| 2,363.15| 31/03/2012|
9| JPMorgan Chase & Co.| USA| 2,320.33| 31/03/2012| 10| Royal Bank of Scotland Group| UK| 2,246.52| 31/03/2012|

World’s largest bank in terms of Market capitalization
Rank| Bank| Market cap (US$b, 20/1/2012)| Employees|
1| Industrial & Commercial Bank of China (ICBC)| 240.95| 408,859| 2| China Construction Bank| 195.85| 329,438|
3| Wells Fargo| 160.72| 264,200|
4| HSBC Holdings| 150.90| 300,000|
5| JPMorgan Chase & Co.| 140.95| 260,095|
6| Bank of China| 128.80| 279,301|
7| ItauUnibanco| 88.17| 104,542|
8| Citigroup| 86.67| 266,000|
9| Commonwealth Bank| 82.62| 45,025|
10| Royal Bank Canada| 76.56| 74,000|

Indian Banking Scenario
The Indian banking has finally come up to the competitive dynamics and is trying to address the relevant issues in this era of globalization. Banks that employ IT solutions are thought to be futuristic and proactive in their approach towards meeting the requirements of the large customer’s base. Private Banks have been fast on in reaction to this and are reorienting their strategies by using the internet as a medium The Internet has emerged as the challenging and new frontier of banking industry. Majority of the private as well as public sector banks is diverting their focus towards E-banking...
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