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HDFC Bank's advances up 15% in Q2 of FY22, cites growth in rural India

Lender says it is recording growth in three business segments as the coronavirus pandemic slows down in India.

HDFC Bank
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The wholesale loans book grew by around six per cent over September 30, 2020. However, it was lower by around half per cent over June 30, 2021.

Abhijit Lele Mumbai
HDFC Bank's loans rose by 15.4 per cent (year-on-year basis) to Rs 11.98 trillion as of September 30, 2021. Sequentially, loans grew by 4.4 per cent over Rs 11.47 trillion in June 2021, showing traction in demand after the second wave of Covid-19 cases.

The company has three business segments. Loans in the commercial and rural banking space showed strong traction, with 27.5 per cent growth over September 2020 and 7.5 per cent over June 2020. Retail loans grew by around 13 per cent over September 30, 2020 and around 5.5% over June 30, 2021, according to filing with BSE.

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