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September 2012

HDFC Bank is now one of the most valuable in the world

By Tarunkumar Singhal, Raman Jokhakar Chartered Accountants
Reading Time 1 mins
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For most banks across the globe, the past five years have been a battle for survival with many falling by the wayside and others becoming wards of the state. In late 2008, India was also not immune with ICICI Bank, the nation’s second largest, experiencing some jitters. But one lender which has remained immune to the troubles swirling around the sector is HDFC Bank.

With a market capitalisation of Rs 1,38,469 crore (or $24.88 billion), HDFC Bank has surpassed the biggest lender in the nation – State Bank of India – which has deposits that are almost six times that of the private lender.

(Source: The Economic Times dated 01-08-2012)

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