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 in the same bracket as super-banks like Lloyds-TSB of the UK. With a capital adequacy ratio of 12.19%, and the lowest non-performing assets in the Indian banking industry, not surprisingly this is the bank...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222