"The bank's capitalisation is comfortable in our view, supported by strong earnings and regular capital raising to fund above-average growth. The bank's asset quality remains among the best in Indian banking industry due to its better risk management and portfolio diversity," said S&P.
Overall, it said, HDFC Bank's individual creditworthiness is significantly stronger than the average of Indian banking sector, reflected in its SACP of bbb-plus.
The stable outlook on HDFC Bank reflects that the bank will maintain its strong market position and favourable funding and liquidity metrics over the next 24 months.
( With inputs from ANI )