The Housing Development Finance Corporation (HDFC) Bank is the second largest private sector bank in India by net profit and generated revenues of over INR 52,278.8 million in 2007. HDFC Bank has a 55% market share in clearing and settlements of securities exchanges for cash and futures securities transactions.. As of September 30, 2008, the bank had total assets of INR 1006.82 billion.
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. 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. The high CASA proportion also ensures their costs of deposits are relatively low.  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. .(Read more at Wikinvest )