2019-04-16

How HDFC breaks the dismal pattern of Indian banking
Its growth and profits put it in an elite global club
原文来源：The Economist 2019-4-13

Article

https://frankzhougq.github.io/article/TE-2019-04-16/

Notes

The state-controlled ones offer cheap credit to the well-connected, have piles of bad loans and are barely accountable.
和达官贵人紧密联系的人；一堆坏账

In this dismal scene one bank, HDFC, consistently shines.
惨淡背景；出色

stellar performances.
优秀的

the firm went public
上市

HDFC Bank：“housing development finance corporation”
记一下，业绩很好

But with hindsight it is clear that he made the right call.
事后；做了正确的决定

A vast segment of the population was unbanked or underbanked—not just individuals, but also small businesses.
未开户的，所以你现在知道白户怎么说了吧，unbanked customers而不是white customers；underbanked差不多是半白户的意思

focused on large corporate customers

brought valuable know-how with them.

beefed up its technology

beef sth↔'up (informal)： to make sth bigger, better, more interesting, etc. 使更大（或更好、更有意思等）

serve small companies previously excluded from the financial system.

opened its 5,000th branch
营业网点

largest private-bank network
组成网

Equally important are the 30,000 employees who promote phone-based banking to shops and individuals in smaller cities and villages.
同样重要的是；网上银行的另一种说法，ebanking

their entire financial lives are within the bank’s system and they are easy to cross-sell to.
绑定银行的生态圈，可以做交叉销售