In fact, UM is ranked 24th among Asian universities, rising a further three spots from 27th a year ago.
Speaking on the performance of the institute, IIT-B director Devang Khakhar said: "I am glad that IIT, Bombay, continues to rise in the rankings".
In the latest edition of the QS rankings of universities in Asia, a local public university has achieved its highest-ever ranking among the 425 universities from 17 Asian nations.
IIT Madras (48), and Indian Institute of Science (IISc), Bengaluru (51).
Panjab University has slipped to 301-350 bracket from last year's 251-300 bracket in the QS Asia Rankings-2018 released here on October 16.
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"Besides celebrating NTU's success as Asia's highest-ranked university, Singaporeans should also be very proud that Singapore leads the rest of Asia with two world-class universities", said Prof Andersson.
Prestigious Seoul National University has slipped out of the top 10 Asian universities in this year's rankings by Quacquarelli Symonds of the United Kingdom, released on Monday.
NTU also achieved a flawless score for the quality-research indicator as well as for the proportion of worldwide students, while NUS achieved the top score for its reputation among the academic community.
"Universities, Institutions and IISC have their unique strengths and get different scores as per different criterion and parameters. The poor score in citations of varsity's research papers indicates that our papers are not being read", said the head of a varsity department.