According to investment bank Jefferies, international investors are more likely to group HDFC Bank with global peers such as Bank of America and Wells Fargo when deciding on their investment strategy as India's most-valued lender becomes the world's seventh-largest bank by market value.

"HDFC Bank is now the seventh largest global large-cap bank, with a market capitalization of $140 billion." According to Jefferies analysts Prakhar Sharma and Vinayak Agarwal, "this can add a second dimension to investors' selection processes, as HDFC may now be stacked up against banks in global portfolios, not just for emerging market portfolios and compared with Indian banks."

"Over the next three years, we expect HDFC to deliver 16-17% compounded earnings growth aided by synergies from mergers as well as ramp-up of branches to mobilise deposits. This growth will be much higher than global large banks' range of 3-7%, offering a strong case to be considered in large-cap bank / global portfolios."

HDFC is India's only bank with a market capitalization of $100 billion.

Five of the 14 global banks with a market capitalization of more than $100 billion are from China, three from the United States, two from Canada, and one each from the United Kingdom, Australia, Japan, and India.

The lender's wholesale loan book increased 11% year on year to Rs 4.04 trillion as of June 30, but decreased by 1-2% sequentially, according to the CFO. At the same time, retail advances increased 18% year on year and 4% sequentially to Rs 6.57 trillion at the end of June. As a result, while the share of retail loans in total advances increased to 47% at the end of June from 44% the previous year, the share of wholesale loans decreased to 53% from 56% in the same period.