HDFC Bank Ltd (HDB-N)

As India's middle class grows, that will feed demand for banking services (i.e. mortgages). HDFC is India's second-largest banks.

Investing in India right now makes all the sense in the world. It's the largest population now, surpassing China. India has significant growth, population is relatively young and moving to cities, with more banking needs required. 

Second-largest bank in India. Just completed a merger with a mortgage business.

This is an Indian bank. It is one of the most expensive banks you will find. He doesn’t own the bank, but he does own HDFC Finance. All of the HDFC family of companies are extremely well run and priced at a premium. When you buy them, you have to take a long term approach because of their premium price. You are buying the growth in their earnings.

An Indian stock for a long-term hold? You can do this through the banking side through an HDFC Bank (HDB-N) or through ICICI Bank (IBN-N). Those 2 are the best ones. Their share prices have had a huge run this year, much like the emerging markets. It has also helped that the Indian government has enacted a GST.

A very large bank in India, and they steered clear of all of the nonperforming loan issues. However, because of that, it has very much outperformed ICICI and some of the state banks in India. It is now trading at around 20X earnings. Management is very disciplined and very focused on ROE and risk management.