HDFC Bank is the most valuable private bank in India. Its market capitalization is 2.5x more than SBI, even though SBI has ~3x more assets. HDFC Bank has consistently grown its market share in loans and deposits across credit cycles. It has 7.8% and 6.4% market share in loans and deposits in FY18 compared to 2.4% and 2.6% ten years ago. What is unique about HDFC Bank? Click here to read the rest.