29/10/2015 11:27 AM IST | Updated 15/07/2016 8:25 AM IST

HDFC Bank Now 27th Safest Bank In The World: The Banker

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NEW DELHI, INDIA - AUGUST 15: Branch of HDFC Bank at KG Marg on August 15, 2014 in New Delhi, India. Photo by Pradeep Gaur/Mint via Getty Images)

NEW DELHI -- Private sector lender HDFC Bank has been rated 27th safest bank in the world, according to latest Bank Safety Ranking by 'The Banker', a Financial Times publication.

The bank has been ranked 27th globally among 250 banks and stood at number 6 in Asia Pacific region, a statement said.

The ranking is based on capital, asset quality, profitability, how the bank funds itself, and the risk environment for each bank's home country.

As per the report, Axis Bank has been ranked at 71, ICICI Bank at 85 and State Bank of India at the 201 position.

Also, Punjab National Bank has been ranked at 206, Bank of Baroda 214, Canara Bank 222 and IDBI at 235 position in the Asia Pacific region.

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