HDFC Bank projects 25% growth in loan book this fiscal
By Joseph Samson
Aug 2, 2010
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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.


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