HDFC Bank was adjudged ‘India’s Best Bank’ at the Euromoney Awards for Excellence 2019. This year marks the 27th anniversary of the Awards. The awards are based on year-round monitoring of market share and customer-satisfaction data compiled by Euromoney’s industry-leading surveys. This is supplemented by an intensive 3-month process of review by Euromoney’s editorial team, culminating in face-to-face interviews with shortlisted candidates. This year, the publication received almost 1000 submissions from banks in an awards program that covers 20 global awards, more than 50 regional awards, and best bank awards in close to 100 countries. The magazine said while deciding on HDFC Bank for the award that ‘the bank always seems a cut above the rest in India: it is shrewd in the good times and resilient in the bad. Our review period brought plenty of both, yet HDFC delivered a 20.54% jump in after-tax profit in the year to 31 March 2019, with deposits and assets up double digits.’ Rahul Bhandari, alternative chief executive, HDFC Bank, Hong Kong accepted the award from Chris Wright, Asia Editor, Euromoney and Clive Horwood, Editor, Euromoney.
