HDFC in Forbes Asias's 'Top 50' list

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Bangalore, Sep 25 (UNI) India's premier bank HDFC Bank has been featured in the prestigious 'Forbes Asia's Fabulous 50 List of Companies,' chosen from 500 publicly traded (listed) companies in the Asia Pacific with revenues or market capitalisation in excess of USD five billion.

The bank figured in the 'Fab 50' list for the second consecutive year, a release said here today.

Only nine other Indian companies have figured in the list. They were Infosys Technologies, Wipro, Reliance Industries, Bharat Heavy Electricals Limited, Larsen and Toubro, Tata Steel, Bharati Airtel, Mahindra and Mahindra and ITC.

China topped the 'Fab 50' list with a representation of 13 companies followed by India with 10, it said.

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


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