Not sure if this is a desirable label, given the track record of US banks, but I guess it's the proverbial one eyed king in the land of the blind:' "ICICI is much larger than HDFC, but on the other hand HDFC is a pure-play Indian bank," said Morningstar analyst Maclovio Pina .HDFC Bank is also more profitable than ICICI and the bigger government-controlled banks, such as State Bank of India, Pina says.HDFC Bank's credit and funding costs are much lower, which means returns are higher.Revenue and profits have been growing in double digits thanks in part to new deposits and new loans on everything from cars to home mortgages, credit cards and gold.''Pina compares HDFC Bank toWells Fargo (WFC) in the U.S. for a few reasons. They are both focused on retail banking, have a wide reach in their respective countries and good underwriting standards.'http://community.nasdaq.com/News/2012-11/indian-bank-hdfc-ba...--------------MDP Home Fool
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