HDFC Bank declared 'Best Local Bank' in India

HDFC Bank, one of India's premier banks, has been declared the 'Best Local Bank' in India in Euromoney's Annual Private Banking Survey. The Survey also recognized HDFC Bank as the Best Bank in the category of 'Relationship Management' and has been voted 2nd Best Bank in the category of 'Private Banking Services Overall' by the people who know the industry best- the private bankers themselves.

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The rankings are based on qualitative and quantitative survey supported by quantitative data provided by the participating banks. The survey also includes competitors' perceptions of the best performing providers in defined client and product categories.

According to Euromoney, HDFC Bank's nomination as "Best Local Bank in India" indicates the Bank's excellence for both advise and portfolio management across a vast range of asset classes and investment styles.

Commenting on this recognition, Abhay Aima, Group Head – Equities, Private Banking, Third Party Products, NRI & International Consumer Business, HDFC Bank said: "This award assumes even greater significance for us for two reasons, it is a peer validation and the backdrop of economic volatility, thus highlighting the need for Private Banking in these turbulent times. Developing the right strategies and catalysing growth opportunities, is the only way forward in these market conditions.”

“We at HDFC Bank understand the challenges in the market and we strongly believe that we have the right business fundamentals to address the growing market needs and capitalize on opportunities to build partnerships for mutual development with our clients," he added.

Euromoney's private banking awards are the most prestigious in the growing area of wealth management. They cover over 60 countries every year, as well as global and regional awards. They are voted for by the people who know the industry best- by the private bankers themselves.