HDFC Bank No. 1 in Large Corporate Relationships, Mid-market Penetration

HDFC Bank Ltd., has emerged as No. 1 across several categories among banks in India in the latest study conducted by Greenwich Associates, a leading global provider of market intelligence and advisory services to the financial services industry.

These results are based on research and interviews conducted with CFOs & Treasurers of nearly 500 companies in Middle Market & Corporate Banking.

The study recognizes the bank’s pre-eminent position in Corporate Banking and .leadership position in the middle market/emerging corporate segments and cash management business.

Key findings of the study:

* No. 1 in India Middle-Market segment in terms of market penetration.
* Leader in overall quality of client relationship in Middle-Market segment.
* No. 2 in Large Corporate Banking in terms market penetration.
* Leader in overall quality of client relationship in Corporate Banking segment.
* Continue our No. 1 position in Large Corporate Cash Management in terms of market penetration.
* Leader in overall quality of client relationship in Cash Management Services.

Paul Tan, MD, Greenwich Associates, said: “HDFC Bank has experienced rapid growth across segments. A targeted approach and high levels of client satisfaction have fuelled its rise. What is more, based on the strength of its balance sheet as well as the NPA problem facing the industry, we expect HDFC Bank to further consolidate its position and increase its market share further."