HDFC Ranks As No#1 Banking Brand In India

HDFC is the top ranked bank in India and third overall among Indian brands. Tata Group and Infosys secured the first and second positions in Brand Finance's annual ranking of valuable Indian brands. 

The India 100 report evaluated over 250 brands across various sectors. 

Tata Group maintained its top spot with a 9% increase in brand value to USD 28.6 billion while Infosys held the second position with a 9% growth to USD 14.2 billion. 

HDFC Group rose to third place, thanks to a 38% boost from its merger with HDFC Ltd. LIC Group and Reliance ranked fourth and fifth respectively. 

SBI Group was the second most valuable bank ranking sixth with Airtel seventh. 

HCL Tech moved up to eighth, Larsen & Toubro debuted at ninth and Mahindra completed the top 10. 

Brand Finance defines brand value as the current worth of brand related earnings helping companies gauge their brand's contribution to overall value.