HDFC Bank Eyes Healthy Growth In All Segments Over Next 5-6 Years: Report

HDFC Bank, India’s largest private sector bank, anticipates healthy growth across all segments in the next 5-6 years, Chairman Atanu Chakraborty, told TV18 group in an interview.

Healthy Growth Expected

Chakraborty, in an exclusive interview with CNBC-TV18 following the bank’s merger with HDFC Ltd., stated that the bank’s extensive network will contribute to healthy net interest margins (NIM) and offer HDFC Ltd. customers products like insurance and personal loans at competitive rates.

See Also: What IDFC And IDFC First Bank Merger Means For Shareholders

Segment-Wise Growth

“The bank will grow steadily across housing, micro small and medium enterprises (MSME), corporate and retail, and priority sector lending segments. We will be able to provide funds at a cheaper rate to customers,” said Chakraborty.

Priority Sector Lending

Regarding priority sector lending, the Reserve Bank of India (RBI) has allowed the bank to meet priority sector lending requirements gradually, up to three years, following the merger with HDFC.

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Posted In: NewsGuidanceAtanu ChakrabortyHDFC Bank