HDFC Bank says it will double retail loans, sees 'robust demand' in economy

Uncertainty is declining as businesses seek to bolster growth after Covid-19, says the bank's country head for retail assets.

HDFC Bank Ltd., India’s largest private 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.

“We are planning to double our retail assets book in a focused manner,” Kapil