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Most Valuable Indian Bank Plots Path to Double Retail Loans

  • HDFC Bank to focus on unsecured loans for salaried workers
  • Lender had slowed retail lending to protect asset quality
Updated on

HDFC Bank Ltd., India’s most valuable lender, plans to double the amount of loans it makes to retail borrowers over the next couple years as consumer demand ramps up from a pandemic-induced slowdown. 

Uncertainty is declining and demand is improving as businesses seek to bolster growth after Covid-19, Arvind Kapil, the bank’s country head for retail assets, said in an interview. It’s an opportunity to reverse the declining share of loans to this segment of the market that was needed to preserve asset quality, he said.