Only the third largest bank in India, but the best run under managing director Aditya Pura, the former CEO of Citibank Malaysia. Because HDFC’s base of retail deposits–from a network of 746 branches in 329 cities serving 10 million customers–provides about 40% of the capital it lends out, the bank has been able to maintain a well-above industry average net interest margin.
Buy HDFC (HDB)
