HDFC Bank confident of delivering 20% loan growth this fiscal
By Joseph Samson
Sep 14, 2012
Print    Email    RSS   

The private sector lender HDFC Bank is confident of achieving 18% to 20% growth in advancing loans across various segments accompanied by stable margin and better asset quality in smaller cities.

On the matter, Chairman of the bank, Mr. Deepak Parekh said that given the stable competitive environment in the sector, the bank can surely achieve 18 percent to 20 percent loan growth and improve the asset quality in smaller towns. It is reported that currently home ownership levels in the country have a lot of scope of penetration and banks and financial institutions can reap into its benefits.

The management of the bank further added that though there is moderate demand in metro cities due to high interest rates and inflated property prices, small cities are witnessing an increase in demand for home loans.

Presently, the bank has a branch network of about 320 branches spread across the country. Moreover, it also has 2, 500 branches of HDFC Bank Market, the bank's mortgage loans arm. IndusInd Bank and HDFC have also entered into a tie up recently.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Identify the cheapest home loan offer
Paying back home loans: Which repayment...
7 most common Home Loan problems faced by...
Home Loan Agreement: An important aspect...
Reverse Mortgage in India: Your property...

PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive