India

Privately owned HDFC Bank – Asiamoney’s best domestic bank in India this year – is on the cusp of a leadership change. Long-serving managing director Aditya Puri is due to step down in October, and the hunt for his successor is on. Puri leaves behind a bank with impeccable credentials, strong financials and corporate governance standards that are the envy of the street.

The 30th annual Asiamoney Brokers Poll invited chief investment officers, fund managers and investment analysts to take part. Voters represented fund management houses, insurance companies, pension funds, sovereign wealth funds, hedge funds and wealth managers from around the world.

Seizing opportunities and doing the tough things well has made Kotak Mahindra Bank a leading actor in shaping Asia's financial institutions.

SBI is reshaping India's financial system, continuing to act as the bedrock of local banking life while delivering a profit to shareholders.

The past decade has not been a happy time for a financial institution once instinctively viewed by many as India’s best-managed private bank; and as for the future… those involved have to keep their nerve.

Kotak Mahindra Capital

The government has done an about-turn on its plans to introduce higher taxes on foreign portfolio investors as it finds ways to boost the equities market. Experts reckon the finance ministry misjudged the state of things.