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Hdfc: Personal loans log record...

MUMBAI: The personal loan segment in...

Hdfc: Personal loans log record 32% growth after HDFC merger

MUMBAI: The personal loan segment in the banking sector posted a record increase of nearly 32% year-on-year in July 2023 - mainly due to the merger of HDFC with HDFC Bank. The merger, which added over Rs 4.3 lakh crore in home loans to the bank's portfolio, pushed overall bank credit growth to 19.7%. RBI data indicates that the merger contributed five percentage points to the growth in bank credit. Without the merger, the year-on-year increase would have been 14.7%. Bank credit stood at Rs 148 lakh crore...

Karl Jörg - September 8, 2023

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Hdfc: Personal loans...

MUMBAI: The personal loan segment in the banking sector posted a record increase of nearly 32% year-on-year in July 2023 - mainly due...

Karl Jörg - September 8, 2023

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