India News Online » News Analysis » Indian Economy » 

During the last five years. Foreign banks, in spite of having the smallest share (at around 8%) in the Indian banking industry, have recorded fastest growth of assets.

The growth of the foreign entities vis-à-vis public sector (PSBs) and private banks is significantly higher during the period between 2005 and 2009. The average total assets figure for 12 foreign banks stood at a compound annual growth rate (CAGR) of 32.52%, while the average total business (deposits and advances) of t ...