With the increase in the interest rates and loan defaulters, there are only few banks that able to face the headwinds strongly. HDFC is one of the banks that were able to survive in the falling economy. It emerged as one of the best banks by having good asset quality, high loan growth, a healthy capital adequacy ratio and an improvement in returns on capital employed.

On the other hand, YES Bank remained as the second best mid-sized for a consecutive year. In 2010, the bank announced the roll-out of a strategic blueprint, named Version 2.0 of the bank, to further accelerate its business growth in the retail banking space, with the objective to achieve a balance sheet size of 1,50,000 crore by 2015.

Apart from these banks there are several other banks that are facing en-number of challenges in terms of asset quality as it has been deteriorating from past two years as economic growth slipped to its lowest level. According to RBI, the gross bad loans touch 4.4 percent by the end of the current fiscal year.

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