HDFC Bank, the second largest private sector lender in the country has come up with convincing profits for the December quarter. The banks posed a growth in profits of 31.4% as compared to the same quarter last year.
The loans book of the bank has increases by 22%. It recorded a growth of 29% in the retail loan portfolio. The bank has been introducing various attractive schemes for the customers. It has also been very particular about the expansion of branches.
The bank was recently covered by the Harvard Business Review magazine. The magazine listed the bank among the top 10 organizations globally that have recorded growth of 5% per year in their net income. 2,347 companies were covered under the survey with a market capitalization of USD 1 billion.