|BEST BANK: HDFC
BEST EQUITY HOUSE: DSP Merrill Lynch
BEST DEBT HOUSE: Citigroup
BEST M&A HOUSE: JM Morgan Stanley
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%.