AB Bank, Mumbai 5th among 26 foreign banks in India

Arab Bangladesh Bank Limited, Mumbai branch ranked 5th for its outstanding performance in 2002 among the 26 foreign banks operating in India, says a press release.

The ranking has been done following a survey jointly conducted by the financial magazine Business Today and the KPMG, one of the leading international management consultancy firms.

Size, operations, earning quality, productivity, capital adequacy and asset quality of the banks were taken into consideration while making the ranks.

In 2001, AB Bank, Mumbai branch ranked seventh in the similar survey.