HDFC Bank sees credit growth at 18-20%
'For the banking system, if GDP (gross domestic product) is growing at 8.5-9%, then the credit growth is seen at about two times the GDP,' Aditya Puri, HDFC Bank's managing director said.
HDFC Bank said investment demand is still strong and credit growth is expected at 18-20% so far. "For the banking system, if GDP (gross domestic product) is growing at 8.5-9%, then the credit growth is seen at about two times the GDP," Aditya Puri, HDFC Bank's managing director, told reporters at press conference. The recent bribes-for-loan scam case will not impact bank's credit growth, Puri added.