HDFC, India's largest private lender, worth erodes 11% to $20.26 billion
LIC and TCS were ranked second and third, retaining their positions from last year even as both declined 9% and 20% each. In fact, this years ranking worth $216 bn in brand value fell 6% over last year, largely due to slowdown in the banking and automotive sectors. Indias top brands, however, performed well against other countries where declines in brand value were far greater.