HDFC posts 19% loan growth in Q2: Keki Mistry

Despite all the worry in the market about economic slowdown leading to lack of demand for housing, HDFC managed to post 19% loan book growth at Rs 1.84 lakh crore as on September 30 over the previous year, says HDFC vice-chairman and CEO Keki Mistry.

Also Read: HDFC Q2 net profit rises 10% to Rs 1266 cr 
Growth is largely coming from retail or individual loans. "For the first six months, growth in loan book for individuals after selling loans was 26 percent, but if we add back the loans sold in the last 12 months then the growth is 29 percent," says Mistry.
Apart from loan book growth, on a six-month overdue basis, gross non-performing loans stood at 0.42% of total loans. Total assets rose 17 percent at Rs 2.12 lakh crore as on September 30.