Rating Report
Credit Update on HDFC Bank Limited
Mon 04 Aug, 2003 - 12:00 AM ET
Rating Rationale Assessment â HDFC Bank Limited (HBL) is one of the stronger banks in India, and our ratings reflect its excellent management, sustained superior financial and operating performance, and sound balance sheet. HBL’s net non-performing loans (NPLs) to equity ratio was only 1.9% at end-FY03, making it one of ...