HDFC Bank: Only Indian brand in top 100 most valuable global brands
The BrandZ list compiled by Millward Brown, a global research agency, has brands like Apple, Google, IBM topping the charts. The only Indian entity in top 100 is HDFC Bank, at 35th position, beating Tata and Reliance.business Updated: May 31, 2015 19:19 IST
Private sector lender HDFC Bank is the only Indian entity to find a place among the top 100 most valuable brands globally, along with Apple, Google, Microsoft, IBM and Facebook.
HDFC Bank is ranked at 74th position in the BrandZ list compiled by Millward Brown, a global research agency, in association with WPP. The report says, the bank is India's most valuable brand with a value of $14 bn. Apple tops the chart with a brand value of $246.9 bn, followed by Google with $173.6 bn and Microsoft with $115.5 bn.
At the fourth position is IBM with brand value of $93.9 bn, while Visa is at fifth position with value of $91.9 bn. Wells Fargo tops the charts of the banking sector, which is at 16th position overall, having a brand value of $59.3 bn, followed by ICBC brand at 22nd position valued at $38.8bn.
Among others are HSBC at 35th position with $24 bn, RBC Royal Bank at 36th position valued at $23.9 bn and China Construction Bank valued at $22bn.