The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

India

Best bank
ICICI Bank Best equities house
Goldman Sachs/Kotak Mahindra

Best debt house
Standard Chartered Bank

Best M&A house
Citigroup

ICICI Bank?s results for fiscal year 2003 speak for themselves. Net profit was up 36%, interest income up 32% and fee income up 38%. Retail assets rose by 74% and deposits by 4%.

ICICI is India?s second largest bank, but easily the best managed. It has a network of 450 branches and offices and 1,750 ATMs. Its leading position is perhaps best indicated by the success of its maiden bond offering in October 2003. It was the first to be issued by an Indian borrower on the international capital markets for six years, and was five times oversubscribed.

The joint venture between Goldman Sachs and Kotak Mahindra (GSKM) is the clear market leader in both the primary and secondary equity markets, completing 14 deals worth $1.6 billion. It has a market share of almost 24% and raised more capital from more issues than any other bank.

Key deals were the Rs107 billion ($2.3 billion) Oil and Natural Gas Corporation privatization, which totalled around $14 billion. Also notable were the Rs.9.9

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree