HDFC Bank Limited (ADR) (NYSE:HDB)
CAPS Rating:
A private sector bank and financial services company in India with three principal business activities: retail banking, wholesale banking and treasury operations.
A private sector bank and financial services company in India with three principal business activities: retail banking, wholesale banking and treasury operations.
Recs
One more service for the growing Indian middle class - banking. And this bank appears to be "doing it right" by providing banking service through a rich variety of channels and taking banking to the customer. YOY earnings growth of 80+%, a little insider ownership, P/E is a little high, but it has "the sound of inevitability" on its side.