Technoglitch
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India's largest lender by market value, said it is beginning to see "green shoots" in corporate loan growth, as companies begin to borrow and spend again after almost two years of reining in.
The combination of a more conservative stance among state-run banks - hit by bad loans - and a lack of demand as the economy slowed, has held back Indian business lending. But there are signs of a change.
HDFC Bank's long-time managing director, Aditya Puri, said he saw early hints of a recovery among automobile, telecoms and consumer goods, and even small and medium companies.
"This is more working capital (demand) at the beginning, but we are starting to see term loan growth in the last month or two," he said in an interview at the bank's Mumbai headquarters.
HDFC Bank sees green shoots as Indian companies borrow again| Reuters
The combination of a more conservative stance among state-run banks - hit by bad loans - and a lack of demand as the economy slowed, has held back Indian business lending. But there are signs of a change.
HDFC Bank's long-time managing director, Aditya Puri, said he saw early hints of a recovery among automobile, telecoms and consumer goods, and even small and medium companies.
"This is more working capital (demand) at the beginning, but we are starting to see term loan growth in the last month or two," he said in an interview at the bank's Mumbai headquarters.
HDFC Bank sees green shoots as Indian companies borrow again| Reuters
