Awards: Why HDFC, Axis and Citi were winners in India

We look to the outstanding banks in India, with Axis Bank/Axis Capital taking the investment banking categories and HDFC Bank winning the overall Best Bank award.

In May, FinanceAsia named the winners of its annual Country Awards for Achievement. In June, we'll present the awards at our annual awards dinner in Hong Kong.

Today, we continue with the winners from India.

BEST BANK HDFC BANK

The award recognises HDFC Bank’s resilience in India’s banking sector, which was roiled by unprecedented frauds and surging bad debt over the past 12 months.

Concerns over the asset quality of Indian banks remain after the country’s state-owned lenders delivered disappointing results. But on a brighter note, analysts scrutinised HDFC Bank’s balance sheet and found...

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