For HDFC Bank investors, it brings both. Net profit grew 21% and toxic levels for the loan book remained at one of the lowest in the industry. HDFC Bank’s secret sauce for its pristine balance sheet is no secret at all. That and the fact that loan growth has been over 20% consistently have helped keep bad loan ratios at low levels. Given the consumption slowdown, HDFC Bank doesn’t want to take a chance on its unsecured loans either.

Source: Mint July 21, 2019 18:56 UTC