HDFC enters top 10 list of consumer finance firms

vbk-31-hdfc1_jpg_1413002fAfter giants like American Express, Visa and Mastercard, HDFC has emerged as the only Indian company to enter among the world’s biggest consumer financial services firms.

Compiled by business magazine Forbes, HDFC has got the 7th place in the list, while American Express has been placed on top. It has been followed by Capital One Financial, Visa, Discover Financial Services, and Orix in the top five. The 6th position has been awarded to Mastercard.

After HDFC holding 7th rank, CIT Group of the US holds 8th position. Taiwan’s Hua Nan Finacial is at 9th position and China’s Franshion Properties is at 10th place.

Others in the list which are ranked lower include Samsung Card, Kaisa Group, Orient, Nelnet, Jabar Omar Development and KWG Property.

This list is a part of Forbe’s annual compilation of 2,000 biggest and most powerful companies at the global level. It includes a total of 56 companies from India across various sectors. In the overall list, HDFC holds 485th position, whereas Mukesh Ambani’s Reliance Industries leads amongst the Indian companies as it is ranked 142nd in the overall list.

Among other sector-specific lists, there is not any Indian firm on the list of major banks, which is topped by China’s ICBC. For the regional banks, China Construction Bank is on top, while India’s SBI is ranked 22nd, ICICI Bank and HDFC Bank hold 29th and 40th position respectively.

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