The Forbes global 2000 is top 2000 public
companies ranking published by Forbes magazine every year. Companies from The
People’s Republic of China and United States of America comprise forty percent
of the ranking list.  American business organisations
are numbered 565, while companies from China and Hong Kong are 263. Most of the
companies in top 25 belong to financial sector predominantly from the banking


is a service industry that handles cash, credit and other financial transactions.
Banks provide a safe haven to store extra cash and credit income. They offer
services like savings accounts, certificates of deposit and
checking accounts. Banks use these deposits to
give loans and invest in other sectors. These loans include home mortgages,
business loans and car loans. In simple words, Banking can be defined as the
business activity of accepting and safeguarding money owned by other
individuals and entities, and then lending out this money in order to earn a

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rise of purchasing power around the emerging economies have fast-tracked the
growth of banking service sector. Out of top ten, six belong to banking and
financial sector like Bank of America, JP Morgan chase, industrial and
commercial bank of china, agricultural bank of china.

1980s, the banking business multiplied. If all the assets and securities created
to be counted, it would be almost as large as the entire GDP of USA. During
this time, the profitability of banking services grew faster. Banking
represented 13% of all corporate profits during the late 1970s. By 2007, it
represented 30 percent of all the profits. The largest banks grew the fastest.
The ten largest banks share of all bank assets increased from 26 to 45%. Their
share of deposits also grew during that period, from 17 to 34%. The ascent of
online banking and investment banking gave a new direction to the banking
sector and changed the functioning of banks as whole. Banks became primary
source of income for large businesses and even various governments. To promote
and expedite growth and development in developing world, multilateral financial
assistance groups like world bank and international monetary fund
was established.  


The growth of an
economy plays a vital role in the financial stability of that economy. Let’s
compare the case of India and Japan. The economic position of Japan is shaky as
the country recently came out of recession. The banking sector has taken the
major hit during this period. The interest rate offered by Japanese banks are
less than 2-3% and surcharge levied of services are high. The scenario is
exactly opposite in India. Due to fast growth rate and high purchasing power,
there is sort of competition within the banking sector to attract maximum deposits
for themselves. The interest rate in India is 8-9% to even double digit.