HDFC Bank's strong Q2 loan growth tells the story of India's revival amid rising rates

A strong credit growth in the second quarter shows that the economy is on the mend and consumers are not holding back amid higher inflation and tightening interest rates. India's largest private lender HDFC Bank's loan book showed a remarkable growth of 23% in the July-September quarter, a good 700 basis points or 7% above the systemic growth.

from Banking/Finance-Industry-Economic Times https://ift.tt/NLPHq3m