This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Buy Ken Fisher's 5 Favorite Stocks

Stocks in this article: MS GGB TTM BCS HDB

HDFC Bank Limited

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Another bank, another country. HDFC Bank Limited (HDB) is one of India's largest non-government-owned banks, with more than $60 billion in assets and 2,500 branches spread across the BRIC country. Fisher Investments picked up 1.59 million shares of HDB in the last quarter, building a $54.3 billion stake in the Indian bank.

In a very real way, HDB is a play on the burgeoning middle and upper class in India. HDFC Bank primarily lends to consumers (around 60% of its loans are retail), and then mainly to those in the higher echelons of economic status. That niche focus on borrowers with more means gives the bank higher lending standards, and has resulted in a very low level of nonperforming loans. As growth within India's borders continues to grow the number of Indians who meet the middle class threshold, HDB's business should find plenty of room for organic growth.

>>5 Big Financial Stocks You Should Buy

Government regulation on who constitutes a "priority borrower" and currency fluctuations are two of the biggest concerns for HDB right now -- especially with the dollar continuing to be a safety net for investors. But there's reason to believe that risk currencies will get more attention in the latter half of 2012.

If they do, HDB's business should continue to thrive. The firm remains one of the most interesting ways to get exposure to emerging market growth.

4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs