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HDFC Bank Ltd
Symbol: HDB-N
Active: Y
Sector: banks
Notes:World class Indian bank
Last Price: 28.430
Last Price Date: 2012-05-23 01:14:25
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BUY	34.180	Gavin Graham	Housing development financing – mortgages and a great play in rising middle class incomes. India was raising interest rates and reserve requirement since 2010 and as a result Indian stock market was down 25%. Now this one is recovering as they cut reserve requirements. They will be a major beneficiary of rising middle class incomes.	2012-03-15

Comment	83.080	David Driscoll	Bank in India. Mostly consumer mortgages and loans. Prefers ICICI Bank (IBN-N), which has better margin growth.	2007-06-22

BUY	26.450	Mark Grammer	For a play on the financial growth in India, use HDFC or ICICI.	2004-07-21