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HDFC Bank SME book doubles to Rs 1.48 lakh crore
Highlights
Private sector lender HDFC Bank doubled its SME book to over Rs 1.48 lakh crore by December 2019 from Rs 74,000 crore in March 2017, cornering over 9 per cent of the around Rs 16 lakh crore market, at a time when credit flow to the segment has been tepid.
Mumbai: Private sector lender HDFC Bank doubled its SME book to over Rs 1.48 lakh crore by December 2019 from Rs 74,000 crore in March 2017, cornering over 9 per cent of the around Rs 16 lakh crore market, at a time when credit flow to the segment has been tepid.
According to the RBI data, the system-wide SME loan book stood at Rs 15.7 lakh crore as of June 2019, up 10 per cent over the 12 months' period.
With a loan book of over Rs 1.48 lakh crore, HDFC Bank is the clear No. 2 in the SME lending space after the industry leader SBI which leads the segment with around Rs 2.7 lakh crore loan book and around 14 per cent market share.
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