“Savings account is not a commodity product. We have made it into something special for our customers”
ML: The industry marvels
at the way you have been able to extract value from the savings account.
Explain to us how this works.
PJN: Our savings account balances
have grown at a compounded rate of 71% (the highest in the industry) and we
have done this year-on-year. Last year, we grew at 60%. HDFC Bank’s is
the second highest in the banking system and it grew at 30%, with around...
Yearly Digital AccessSubscribe
Moneylife Magazine Subscriber or MAS member?