HDFC Bank in Forbes Asia's 'Top 50' List

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Bangalore, Sept 25 (UNI) India's premier bank HDFC Bank has featured in the prestigious 'Forbes Asia's Fabulous 50 List of companies' chosen from 500 publicly traded (listed) companies in Asia Pacific with revenues or market capitalization in excess of $ 5 billion (Rs 22,330 crore).

This for the second consecutive year HDFC Bank figuring in the 'Fab 50'.

Only nine other Indian companies made it to the list. They are Infosys Technologies, Wipro, Reliance Industries, Bharat Heavy Electricals Ltd, Larsen &Toubro, Tata Steel, Bharati Airtel, Mahindra&Mahindra and ITC. China topped the 'Fab 50' list with a representation of 13 companies followed by India with 10, according to a release here today.

The 'Fab 50' companies have been stacked up on parameters of robustness like long-term profitability, stock price appreciation, sales and earnings growth, and projected earnings.

Recently, the Bank also won the Asian Banker's Best Retail Bank in India 2008 award.


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