NEWS & ADVICE : CAR LOANS
HDFC Bank books 25% growth in retail loans in FY'10
By Vaibhav Aggarwal
Apr 19, 2010
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The retail loan book of HDFC Bank has seen a 25% growth in the fiscal ended March 2010. This growth has been accounted due to surging demand from home, auto and personal loan segments.

The bank has disbursed loans worth Rs. 4000 crore in the month of March alone. Auto loans comprised Rs 1,300 crore, home loan Rs 1,200 crore and personal loan around Rs 600 crore out of the total loan amount disbursed, HDFC Bank country head for retail assets & credit cards Pralay Mondal said.

"Overall there is a pick-up in demand for retail loans. Clearly, the consumer confidence has come back and we expect to sustain the growth momentum in the current fiscal as well," Mondal quoted.

The loan growth clocked by HDFC in the last fiscal is about 30-35% which is much higher than the average industry growth during the period. This has resaulted in HDFC topping the chart of private retail banks.The credit growth in the banking industry in last year stood at 16.7 per cent just above the 16 per cent credit growth target set by the Reserve Bank. The retail loan book of HDFC Bank has seen a 25% growth in the fiscal ended March 2010. This growth has been accounted due to surging demand from home, auto and personal loan segments.

The bank has disbursed loans worth Rs. 4000 crore in the month of March alone. Auto loans comprised Rs 1,300 crore, home loan Rs 1,200 crore and personal loan around Rs 600 crore out of the total loan amount disbursed, HDFC Bank country head for retail assets & credit cards Pralay Mondal said.

"Overall there is a pick-up in demand for retail loans. Clearly, the consumer confidence has come back and we expect to sustain the growth momentum in the current fiscal as well," Mondal quoted.

The loan growth clocked by HDFC in the last fiscal is about 30-35% which is much higher than the average industry growth during the period. This has resaulted in HDFC topping the chart of private retail banks (19th april 2010).The credit growth in the banking industry in last year stood at 16.7 per cent just above the 16 per cent credit growth target set by the Reserve Bank.

The bank has total gross advances of Rs 1,21,051 crore and total deposits stood at Rs 1,54,789 crore as on December 31, 2009.

urrently 55% of the loan book of the bank comprises of retail assets and the remaining consists of corporate advances. Mondal said that the bank would be granting equal focus on both portfolios in the coming future.

"I expect a 50-100 basis points increase in lending rate during the course of this year. It could start happening in the next quarter," Mondal said on the issue of monetary policy coming up on 20th April.

The bank has total gross advances of Rs 1,21,051 crore anDSSZtotal deposits stood at Rs 1,54,789 crore as on December 31, 2009.

Currently 55% of the loan book of the bank comprises of retail assets and the remaining consists of corporate advances. Mondal said that the bank would be granting equal focus on both portfolios in the coming future.

"I expect a 50-100 basis points increase in lending rate during the course of this year. It could start happening in the next quarter," Mondal said on the issue of monetary policy coming up on 20th April.

 


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