New Delhi, Sept. 25 -- HDFC Bank Ltd retained its top position as the country's most valuable brand for the seventh straight year in 2020 despite an 11% decline from the previous year, benefiting from innovation and expansion, according to a report by WPP Plc and Kantar.
HDFC Bank, which is now valued at $20.2 billion, was followed by Life Insurance Corporation of India (LIC) and Tata Consultancy Services in the list of the 75 most valuable companies.
The 2020 edition of the ranking was worth $216 billion in brand value, a 6% decline from 2019, driven largely by a fall in the brand value of banks and automotive companies. Despite the overall decline in value, 26 brands increased their value, and there were five new entrants.
Most notable...