SME will be fastest-growing segment over next 3-5 years: HDFC Bank CEO

On the client side, the bank is largely comfortable as 85 per cent of retail customers work with companies rated and above , where job losses have been low

As large corporates are deleveraging and growth in the segment expected to be measured, the country’s largest private sector lender, HDFC Bank, is looking to leverage its distribution in non-urban markets and digital strengths in expanding its SME banking platform.

Sashidhar Jagdishan, MD&CEO, HDFC Bank, in an analyst call organised by Jeffries, said SME will be the fastest-growing segment over the next 3-5 years.

“We have had about 20 years of good track record in the SME space. We are probably the second largest MSME banker in the country, after SBI. But, even though we may pride ourselves in having had a