India

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HDFC is India’s 12th largest bank by assets but its recent financial performance suggests that it is one of the country’s fastest growing. Given India’s huge domestic consumer market, the strength of HDFC’s retail banking franchise is a key driver of growth.

HDFC operates from 531 branches in 228 cities across India as well as a network of more than 1,000 ATMs. In consumer finance it is a clear market leader, punching above its relative financial weight with 15% of the credit card market and significant shares of the auto finance and home loans markets also.

HDFC also operates a highly profitable wholesale banking business, offering corporate banking products across the business spectrum. The bank’s financial results speak for themselves, with HDFC reporting some of the strongest financial ratios of any bank in India. Return on average assets in the latest financial year was 1.35%.