10 Most Preferred Banks By Indians In 2013


2. HDFC Bank

After a gap of five years, HDFC Bank is back at top spot again thanks to high loan growth, good asset quality, a healthy capital adequacy ratio and due to improvement in returns on capital employed. HDFC Bank is an Indian financial services company based in Mumbai. It was established in 1994 and is the fifth largest bank in India when it comes to assets and the largest bank in market capitalization as of 2012. Housing Development Finance Corporation, a premier housing finance company of India has promoted this bank.

As of 2013, the bank had assets of 4.08 trillion and a net profit of 69 billion which is around 31 percent from the previous fiscal year.

3. JP Morgan Chase

JPMorgan is a multinational banking and financial services holding company in America. It is considered as the largest bank in the United States and the second largest bank in the world when it comes to assets which will be around $2.509 trillion. According to Forbes magazine it is the world's second largest public company which provides financial services. It has only one branch in India that offers cross-border fund raising, varieties of corporate and investment banking services and in addition to that mergers and acquisitions work. Since 2008, Indian companies have raised more than $20 billion both locally and overseas with the help of this bank.

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