NEWS & ADVICE : HOME LOANS
HDFC Bank projects 25% growth in loan book this fiscal
By Joseph Samson
Aug 2, 2010
Print    Email    RSS   

Private sector lender, HDFC Bank has aimed at attaining 25% growth in its loan book in this fiscal.

"We would end the year by at least growth of 22-25 per cent," HDFC managing director Renu Sud Karnad said.

The bank disbursed loans worth Rs 60,611 crore in the last fiscal.

Ms Sud said that the demand for housing finance has increased and added, "it is true that at some locations property prices have firmed up, which is a cause of concern."

The Q1 of this fiscal saw the bank booking Rs 694.59 crore net profit as compared to Rs 564.92 crore in the same quarter a year ago.

The first quarter also saw a rise in the loan book of the bank crossed the Rs 1 lakh crore mark and amounted to Rs 1,01,625 crore.

Total assets of HDFC grew by 19 per cent to Rs 1.16 lakh crore and deposits rose 21 per cent to 23,906 crore.

The bank has raised its deposit rates by 75 bps last week.


 


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Manage your loans, avoid recovery agents
Evaluate Hidden costs before buying a house
Tax Planning for Working Women in India
A chronicle of excesses by loan recovery...
Hybrid loans – are they beneficial?


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

NEWS THIS WEEK
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