For the second year running, HDFC Bank has featured in the prestigious ‘Forbes Asia’s Fabulous 50 List of companies’ chosen from 500 publicly traded (listed) companies in Asia Pacific with revenues or market capitalization in excess of $ 5 billion (INR 22,330 crore).

HDFC Bank is the only Bank from India and it is interesting to note that only four of the ‘Fab 50’ companies are Banks. Only nine other Indian companies made it to the list. They are Infosys Technologies, Wipro, Reliance Industries, Bharat Heavy Electricals Ltd, Larsen & Toubro, Tata Steel, Bharati Airtel, Mahindra & Mahindra and ITC. China topped the ‘Fab 50’ list with a representation of 13 companies followed by India with ten.

The ‘Fab 50’ companies have been stacked up on parameters of robustness like long-term profitability, stock price appreciation, sales and earnings growth, and projected earnings.

Companies have been recognised for their sheer resilience. “It’s easy to pick winners when business is booming,” the magazine points out. “Many on this list have shown they can outperform in good times and bad”.

Recently, the Bank also won the Asian Banker’s Best Retail Bank in India 2008 award. Beating a host of other competitors in Asia Pacific, Gulf Cooperation Council (GCC) and Central Asia on a range of parameters, the Bank won for the second year in a row.

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