HDFC Bank Doubles Mid-Corporate Loan Book

HDFC Bank, the second largest private lender bank, has more than doubled its mid-corporate loan book to over Rs 90,000 crore in the past three years. HDFC provides an extensive array of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. Out of the Rs 4.07 lakh crore of its wholesale banking book, over Rs 90,000 crore elicited from the mid-corporate segment, which the bank labels as an emerging corporate group.

HDFC bank has grown in terms of geographical coverage too, as three years ago, in the mid-corporate segment, the bank was present in 18 cities and now it’s in 49 cities with 180 dedicated relationship managers servicing over 3,500 companies and it also plans to add at least 10-15 cities more over the next couple of years.

On the asset quality front, Nirav Shah, Group head of HDFC Bank said that HDFC Bank was the only lender that had not been affected by the bad-loan pain in the previous years. In fact, the bank’s “NPA ratio in the mid-corporate segment is substantially lower than the 1.4% in the overall loan book, as on June 30” he said in a recent interview.

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