Housing Development Finance Corp. Ltd (HDFC) has perhaps reaped the best of the benefits from the government’s push to the housing market. On an asset under management basis, the company’s loan book grew 18%, after the 14-15% growth seen in the last four quarters. HDFC saw its individual loan book growth bounce back to 19% due to these two categories and the management understandably believes this would sustain. That is a rate not seen for more than three years now because of a steady slowdown in the lender’s individual loan book growth. The spread on individual loans narrowed to 1.91% from 2.02% a year ago, bringing down the overall spread by five basis points to 2.29%.

Source: Mint January 30, 2018 02:03 UTC