HDFC Bank Surpasses Rs 25 Lakh Crore Loan Milestone: A Testament to Growth and Commitment

HDFC Bank, one of India's leading private sector bank, has achieved a significant milestone as its loan book crossed the Rs 25 lakh crore mark in the fourth quarter of the financial year. This achievement reflects the bank's strong performance and continued growth in lending across various segments.

Reaching Rs 25.08 lakh crore as of March 31, 2024, marks a 55.4 percent growth when compared to the previous financial year. However, on a quarter-to-quarter basis, the loan book has marginally grown by 1.6 percent since the end of December 31, 2023. The bank's domestic retail loans witnessed substantial growth, reaching approximately 109 percent, while commercial and rural banking loans grew by 24.6 percent from March 31, 2023. Additionally, corporate and other wholesale loans, excluding non-individual loans from the erstwhile HDFC Ltd., experienced an approximate 4.1 percent growth from March 31, 2023.

Looking ahead, HDFC Bank remains committed to driving inclusive growth and supporting the aspirations of individuals and businesses across India. With a strong focus on innovation, customer-centricity, and sustainable banking practices, the bank is well-positioned to navigate future challenges and capitalise on emerging opportunities in the dynamic financial landscape.