The Housing Development Finance Corporation (HDFC) Bank is the second largest private sector bank in India by net profit^[1] and generated revenues of over INR 52,278.8 million in 2007.^[2] HDFC Bank has a 55% market share in clearing and settlements of securities exchanges for cash and futures securities transactions.^[3]. As of September 30, 2008, the bank had total assets of INR 1006.82 billion.^[4]

During the global economic slowdown and tight liquidity conditions, what sets this bank apart is its high proportion of CASA (Current accounts and Savings accounts) deposits - around 44% against an industry average of 35-40% of total deposits.^[5] 17% of their CASA accounts come from salary accounts, which are sticky in nature and have large idle funds the bank can make use of.^[6] The high CASA proportion also ensures their costs of deposits are relatively low. ^[7] Also HDFC Bank is well capitalized from secondary stock offerings; in the past 12 months they raised INR 17.28 billion through lower and upper tier II bonds. ^[8].

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