Encouraged by the success of India Top 20 Banks, published in October 2005, Standard & Poor's Ratings Services and CRISIL Ltd. (CRISIL) have published the latest review on the Indian banking industry, India Top 25 Banks?expanding its coverage to five more banks than in the 2005 edition. The top-25 domestic banks
were selected based on the size of their balance sheets;
collectively accounting for the majority (about 88%) of the Indian commercial banking system.
We have also included two commentaries on the Indian
banking system; covering recent trends and providing analytical insights on key aspects. Each bank is highlighted on an individual page, outlining, besides the rationale for their rating, key financial highlights
and other key information that will provide a concise overview of the bank. Our analysis reveals that India's economic prospects
remain stable and strong, with GDP growth likely to average more than 7.5% in the medium term. The
business environment is likely to improve in the coming years, sustaining investments and economic growth. Economic growth is also benefiting from higher consumption and private investment demand, owing to a growing middle class and favorable