HDFC Bank will be evaluated against global peers, says Jefferies report

“With a market cap of $140 billion, HDFC Bank is now the seventh largest global large-cap bank. In our view, this can add a second dimension to investors’ selection processes, whereby HDFC may now be stacked up against banks in global portfolios, not just for emerging market portfolios, and compared with Indian banks,” Jefferies analysts Prakhar Sharma and Vinayak Agarwal said in a note.

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