According to a recent press report HDFC Bank, the second largest private sector bank in the country, has been acknowledged as the ‘Strongest bank in Asia-Pacific’. In a survey conducted by the Asian Banker magazine, the bank has won the honour, beating more than 50 banks across 13 countries in the Asia-Pacific region.
As per the survey, HDFC Bank excelled in its risk profile, measuring 98 points on the Asian Banker Risk Index as compared to its peers whose average (40) was less than half its score. The other banks in the list except HDFC have recorded lesser measures on their risk profile.
The bank’s greater capital adequacy helps it to withstand any shocks, while its CASA of over 50 per cent has allowed margin cushioning in the face of rising interest rate. Mr Aditya Puri, Managing Director, HDFC Bank, accepted the award on behalf of the bank.
The bank provides correspondent bank services to Co-operative Banks, Private Banks, and Foreign Banks & RRB’s. The bank is well known for the loan service it offers especially the car loan for which it avails 100% financeon ones favorite car.