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Indian Oil ranking rise in the Brand Finance Global 500
New Delhi. in the ‘Most Valuable Brands of 2017’ list by Brand Finance. The Brand Finance Global 500 report released yesterday included the top 500 companies globally.
In the list, government-owned insurance player Life Insurance Corporation (LIC) continues to grow its brand and has seen its ranking advance to 222 from 283 rank in 2016. LIC’s brand value has grown from $4.9 billion in 2016 to $6.8 billion in 2017.Indian Oil was the next Indian brand on the list and saw its ranking rise to 369 in 2017 from 494 in 2016
State-owned bank State Bank of India (SBI) riddled with non-performing assets (NPAs) and bad loans has taken a hit in its brand ranking as it dipped to 294 spot in 2017 from 244 in 2016. SBI’s brand value has declined to $5.5 billion in 2017 from $5.7 billion a year ago. Dnaindia
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