HDFC Bank (NYSE:HDB) is the largest private sector bank by market cap in India, and the future could still be bright for this banking powerhouse. Led by longtime CEO Aditya Puri, the full-service bank has a strong deposit franchise (its loan to deposits ratio is only at 90% despite rapid loan growth) and nice chunk of fee-based revenues (30% of total revenue).

While Puri has been a great leader, Paresh Sukthankar was recently promoted to deputy managing director and appears ready to fill Puri's shoes when he ultimately leaves. Despite a valuation that looks rich on the face of it, shares of HDFC Bank could be a great long-term holding of because of the growth potential and proven track record of growing book value per share.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts David Hanson and Matt Koppenheffer discuss the positives and negatives of investing in HDFC bank.

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