Leading Indian private sector lender, HDFC Bank has found a place in the prestigious general management magazine ‘Harvard Business Review'. The bank has been listed among 10 companies whose income has grown by 5% every year for the 10 year period.
The survey report said, "These companies have been recognised for prospering over the long-term and being more stable and innovative than their competitors."
"They (the selected companies) make small bets early and diversify their portfolios, are active acquirers, have processes that support speed and flexibility, build innovations into everyday operations and hold to their talent and keep their senior leadership stable," it also said.
A total of 2,347 organizations were covered globally under the survey with market capitalization of USD 1 billion.