Individuals to drive banking growth in India

India’s bankers remain confident that extending credit to individuals is the correct path to growth.

HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, Dena Bank, Union Bank of India and Central Bank of India expect to loan more than the government’s 17% credit growth target, mainly on demand from individuals. Bankers see a softening of demand from corporate borrowers such as those in infrastructure this year.

ICICI Bank, India’s largest private sector bank, foresees credit growth to rise 20% this year mainly on demand from individuals for homes and cars. The bank expects its retail assets to grow faster than it did in fiscal 2012.

HDFC Bank is confident of growth ranging from 3% to 5%. It saw unusual growth for its retail sector last year but foresees more growth from industry but depending on the country’s economic growth.

IDBI Bank Ltd sees credit growth at 15% while Bank of Baroda, Punjab National Bank and Bank of India expect credit growth to range from 18% to 19%.

Despite being hobbled by bad loans and a restructuring of assets, public sector banks see demand from individuals as essential to achieving their growth targets.

Also Read

Thailand’s Kiatnakin Phatra Bank’s loan portfolio to benefit from rising car prices

Tighter money supply strains Indonesian banks’ margins

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit