DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister ...
Read More »World’s most richly valued lender has an unhappy secret
Bad things don’t happen to good banks. Or that’s the carefully crafted image projected by the world’s priciest lender. Assiduously shielding its loan book from the flying debris of India’s $207 billion bad-debt crisis, HDFC Bank Ltd. has kept its balance sheet in a near-pristine condition. The aura of invincibility bestowed by a 1.26 percent soured-loan ratio — compared with ...
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