Large, mid-sized banks report 11-23% loan growth in December quarter

Four commercial banks, including HDFC Bank and Bank of Maharashtra, posted credit growth between 10.7 and 23 per cent on a year-on-year basis in the December quarter (Q3FY22).

Sequential growth over September 2021 was between 4.27 and 12 per cent. Private lender YES Bank was an exception with loan growth below the range.

Commercial banks in India as a group posted 7.3 per cent year-on-year growth till the middle of December 2021, according to the Reserve Bank of India (RBI) data.

The loan books of HDFC Bank, the country’s largest private lender, grew 16.4 per cent year-on-year