HDFC Bank soars on doubling mid-corporate loan book to over Rs 90,000 crore in three years

HDFC Bank is currently trading at Rs. 2273.90, up by 25.05 points or 1.11% from its previous closing of Rs. 2248.85 on the BSE.

The scrip opened at Rs. 2250.00 and has touched a high and low of Rs. 2273.40 and Rs. 2249.00 respectively. So far 21148 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2502.90 on 03-Jul-2019 and a 52 week low of Rs. 1884.40 on 31-Oct-2018.

Last one week high and low of the scrip stood at Rs. 2275.00 and Rs. 2216.25 respectively. The current market cap of the company is Rs. 619673.43 crore.

The promoters holding in the company stood at 26.25%, while Institutions and Non-Institutions held 55.72% and 18.05% respectively.

HDFC Bank has more than doubled its mid-corporate loan book to over Rs 90,000 crore in the past three years. Out of the Rs 4.07 lakh crore of its wholesale banking book, over Rs 90,000 crore was from the mid-corporate segment, which the bank tags as emerging corporate group, as per its June quarter balance sheet.

The mid-corporate loan book was just about Rs 45,000 crore in June 2016 and doubled to Rs 90,000 crore in June 2019. At the system level, around 15 per cent or Rs 9 lakh crore of the Rs 60 lakh crore wholesale loan book are mid-corporate loans.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

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