Over
the last few years, HDFC bank has emerged as the giant leader in financial
services. It has been positioned among the top 10 consumer financial services
firm such as Mastercard, Visa and American Express.
Top Positions
As
per the data of business magazine Forbes, American Express ranked first in the
list. Visa, Capital One Financial, Orix and Discover Financial Services managed
their positions in the top five. Mastercard leads the sixth position. HDFC
ranks seventh position and is followed by US based group CIT on eighth
position, Taiwan’s Hua Nan Financial is at ninth place and a China based firm
Franshion Properties is placed on 10th position. Other firms such as
Samsung Card, Jabal Omar Development, Orient, Kaisa Group, Nelnet and KWG
Property could not manage to position their names in top list and ranked lower.
Every
year business magazine Forbes compiles a list of the prevailing and prestigious
global companies. This year it came up with the list of 2, 000 powerful
companies and in this list 56 companies are from India. In the overall list of
2, 000 companies, HDFC bank ranks at 485th position. If we talk
about regional banks, then HDFC is on 40th place.
Position of
Indian Companies
In
overall list, Reliance Industries which is led by Mukesh Ambani got the top
position and is followed by other big names such as Indian Oil, ONGC, Tata
Motors, NTPC, SBI, ICICI Bank, HDFC, TCS and Bharti Airtel. As per the sources,
Forbes magazine compiles this list based on combined score of returns, earnings,
possessions and market value.