Comments
HDFC Bank, the second largest private sector bank in the country, has been declared 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.
The Top 10 has three banks from India, namely, HDFC Bank, Axis Bank and Punjab National Bank, according to a press release. As per the survey, HDFC Bank excelled in its risk profile, measuring 98 on the Asian Banker Risk Index as compared to its peers whose average (40) was less than half its score.
The bank's stronger-than-average capital adequacy further fortified its ability to withstand any shocks, while its CASA of over 50 per cent allowed margin cushioning in the face of rising interest rate, the release said. Mr Aditya Puri, Managing Director, HDFC Bank, accepted the award on behalf of the bank, the release added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.