13 Best Banks of India
Bangalore: Dun & Bradstreet (D&B), leading provider of global business information, knowledge and insight, announced and presented the ‘Polaris Financial Technology Banking Awards 2012’ on 24th of August’ 12. Thirteen banks were able to make the cut for the awards of D&B, as reported by Rediff.com.
1. HDFC Bank
Awarded for: 1) Overall Best Bank, 2) Best Private Sector, 3) Asset Quality - Private Sector and 4) Retail Banking - Private Sector
Housing Development Finance Corporation Bank or HDFC Bank HDFC Bank is the sixth largest bank in India by assets and the second largest bank by market capitalization as of February, 2012. HDFC was one the first companies to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. Under RBI's liberalization policies, HDFC Bank incorporated as a scheduled commercial bank in January 1995.
HDFC Bank operates in four segments: Treasury, which consists of net interest earnings from the Bank’s investment portfolio; Retail Banking, which serves retail customers through a branch network; Wholesale Banking, which provides loans, non-fund facilities and transaction services and other Banking Business, a segment which includes income from para-banking activities, such as credit cards, debit cards.
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