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Economy
Mahesh

15/06/23 06:07 AM IST

“The Global 2000” List of top companies

In News
  • NTPC Limited, India's largest power generation company, has climbed 52 positions to secure the 433rd rank in Forbes' “The Global 2000” List for 2023.
Major Rankings
  • US’ largest bank JP Morgan, with assets of $3.74 trillion, took top position in the Global 2000 list, led by improved revenue growth and deposits.
  • The US had 611 companies on the ranking and China second with 346 companies.
  • In all, 55 Indian companies feature on the list, which includes 17 from the BFSI space, 10 in the manufacturing (metals and automobile) space and five from the technology space.
  • The second highest Indian ranked firm, SBI, India’s largest lender, continues to build on to its position.
  • It had reported stellar growth in the March-ended quarter, led by improved interest income and margins growth, which led to an 83 percent jump in net profit for the quarter.
  • Kotak Mahindra Bank comes in at 13th and the public sector Bank of Baroda at 16th spot. The smaller Yes Bank comes in at rank 55 and 1995 overall in the list.
  • India’s top banks, both private and public sector, have seen impressive growth in the past 12-18 months due to stronger balance sheets, led by capital and liquidity positions.
About NTPC
  • NTPC Ltd. is a central Public Sector Undertaking (PSU) under the Ministry of Power.
  • It is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India.
  • Aim: To provide reliable power and related solutions in an economical, efficient and environment-friendly manner, driven by innovation and agility.
  • It became a Maharatna company in May 2010.
  • It is located in New Delhi.
Source- PIB

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