India's Best Banks HDFC Bank edges past ICICI Bank to emerge king of the hill in the 13th Business Today-KPMG Survey, yet again. But that's not the only finding of the study: As a clutch of Indian banks takes baby steps abroad, as the foreign banks increase their India presence, and as consolidation slowly but surely gathers momentum, Indian banking is embarking on its most exciting period yet.

Business Today, February, 2007 by Anand Adhikari (Busines Today-KPMG Survey)

The winning habit is often contagious, and none illustrates that better than HDFC Bank. For the fourth year in a row, the Mumbai- headquartered private sector bank has been adjudicated the best bank in the 13th Business Today-KPMG study on India's best banks. In a year in which the survey has been modified, to include in addition to an analysis of the performance for the last financial year, a report card for the past three years, HDFC has been able to regain the numero uno position. This would mean that the bank is also being recognised for its consistency of performance over a specific period of time.

In the 2006 sweepstakes, HDFC Bank has edged out arch-rival ICICI Bank in the overall rankings. More specifically, it's come up trumps on various parameters, which include...

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