FinanceAsia Country Achievement Awards - India

FinanceAsia has announced the coveted Country Awards for this year. The winners are the best commercial and investment banks in each country in Asia. Here we present the winners from India.

Best Domestic Commercial Bank HDFC Bank

There were three outstanding submissions from domestic commercial banks Public Bank in Malaysia, HCB in Korea, and HDFC Bank. Staffed by ex-Citibankers and headed by the visionary Aditya Puri, HDFC Bank is one of the great growth stories of modern times. Last year, it made net profit of Rs1.2 billion about $27 million, up 40% on 1998. Its return on equity is 29%, putting it...

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