Gross bad loans made up 1.04% of HDFC Bank’s total advances as of 30 June, compared with 6.94% for SBI, the largest public-sector lender, and 5.87% for ICICI, the biggest private lender by assets. Photo: BloombergMumbai: HDFC Bank Ltd, an Indian lender whose earnings have risen by at least 20% every year since 1998, is seeking to bolster its share of the nation’s corporate-loan market as surging bad debts hold back rivals. The lowest nonperforming-loan ratio among the biggest Indian lenders and the highest market capitalization is allowing HDFC Bank to invest in operations and extend more credit, as counterparts including State Bank of India and ICICI Bank Ltd combat soured debt. ‘Positive momentum’Led by managing director Aditya Puri, HDFC Bank’s loan book grew by 23% in the 12 months through 30 June to Rs.4.7 trillion, exchange filings show. HDFC had a market share of about 5.8% in total domestic advances as of 31 March.

Source: Mint August 22, 2016 05:15 UTC