HDFC Bank's wholesale book has grown at 27% CAGR in three years

The bank has an optimistic outlook on the credit demand from the corporate and SME sector

HDFC Bank, the country’s second-largest lender predominantly known for its aggressive retail banking, has grown its wholesale loan book by 2.25 times in past three years.

The wholesale loan book stood at Rs 2.27 trillion in September 2016 vs Rs 4.3 trillion in September this year, a compound annual growth rate (CAGR) of 27.3 per cent.

Rahul Shukla, head of corporate banking at the lender, said: “This growth is significant. Even in the last quarter we had a significant above-trend growth in corporate banking and you have to compare this with the credit growth extension of the economy. We do