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HDFC Bank shows loan growth, in Q1 as IndusInd, Federal Bank feel covid effect

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reported a 1.09% growth in loan offtake. Needless to say, analysts point out to the bank's strong franchise as well as its proven historic record of belying the broad trends in growth.

Moreover, this loan growth comes despite a smaller home loan purchase from HDFC Ltd. The bank bought ₹1,380 crore worth of home loans from its parent against ₹7,230 crore bought a year ago.HDFC Bank has managed to find growth despite challenges in mobility amid the pandemic.

However, it would be interesting to see which segments the loan growth has come from. The lender has also been able to maintain loan growth in the double digits on a year-on-year basis.Meanwhile, IndusInd Bank showed the pain of the pandemic as its loan book shrank during the quarter.

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