Each year ASIAMONEY reveals which domestic banks, equity brokerages and debt houses stand out for excellent performance. In India HDFC’s devotion to conservative lending and strong management continues to pay off, Kotak Securities leads the local broker pack for equities and Axis Bank dominates in debt.
BEST DOMESTIC BANK
It has been a challenging year for India’s banks. The sector has been plagued with asset quality issues, with loan growth slowing substantially as a result.
But amid the general gloom one bank stands out for its asset quality, prudence in lending and growing reach