One ofcourse is a bellwether and the other a mid cap strategy trying be the big boys sooner than later.  Much like Tech services' and BPO's nondescript rudderless focus on groth, both organisations have been called on for their slow rebuttals and non descript performances many times.

HDFC continues to be a mortgage giant schooled in higher lending and lower deposit rates for its brand premise as it derives the ask from its own retail pool, making underwriters always look for such a sky where the close shave problems on an individual's or corporate's earning and repayment capacity are much taken care of by the rates he has to pony up.

With Low LTVs and margins of 2.3% in the latest quarter, HDFC is a strong suitor for FDI investors except that as MSCI would let you know it cannot absorb much more investment from FDI pools and needs to reduce a little weight in the MSCI along with the big banks already at 74% FDI ceilings.  Indusind on the other hand still has to establish trust in the market coming from a legion of non performance and no deposits to speak of till ABN AMRO's Ramesh Sobti came here to restructure the bank's early Twenty first century legacy and build a retail bank on deposits and a dollop of fee based commissions and charges on its income tab. 

Both have managed to outperform and the markets knew it very well when they spent the week in a higher orbit in a precursor to the results

HDFC net jumped 22%, income a 5-10% less than a $1 bln quarter even by the Dollar Forty Rule, Cumulative loans disbursed up to INR3.02 tln or $750 bln at more than 80% of gross approvals.Disbursements grew 20% for the quarter to a loan book of INR 1.24 tln or $310 bln

Indusind NII jumped 32% and Fee income 44% for a profit of $45 mln, a jump of more than 50%. Apart from consolidation in its ne CC portfolio it is also keen to show much higher CASA scores for the fiscal

here are the financials for both 

HDFC

IndusInd Bank

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