4. HDFC Bank ( HDB) is an India-based bank operating in the retail, wholesale and treasury segments. During the March quarter, net profit was up 33% year-over-year, driven by robust net interest income, fee income and lower provisions. Credit growth rose 27.1% year-over-year, topping the industry average of 21% boosted by corporate and retail loans. Net interest margin stood at 4.2%, while the share of lower-cost deposits stood at 53% -- the best among peers. Gross non-performing assets declined 4.9% sequentially, with coverage improving 106 bps to 82.5%. Strong loan growth and lower credit costs are driving the bank's earnings. Analysts' consensus estimate pegs average gains at around 26% over the next one year.