HDFC Bank bags Best Retail Bank Award

[sajiv]

HDFC Bank, one of India's premier banks, has won the Asian Banker's Best Retail Bank in India 2008 award. Beating a host of other competitors in Asia Pacific, Gulf Cooperation Council (GCC) and Central Asia on a range of parameters, the Bank won for the second year in a row, according to a Bank release on Monday, Sep 15.

The parameters included perception among peers and in the marketplace, annual financial performance, sustainability and transparency in strategy, ethicality, sales capability, risk management, processes, technology and efficiency, penetration and efficiency of distribution channels, and people's skills.

HDFC Bank scored particularly high on Risk Management, Sales Capability and People Skills. The Bank leads all competitors in the South Asian retail financial services industry in a range of measures - particularly in Annual Financial Performance and Sustainability of business, the magazine summing up HDFC Bank's success mantra in its September 2008 special edition said.