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KRChoksey Research Report
HDFC Bank Ltd. has been a consistent player in terms of healthy business growth, focus on new initiatives and maintaining superior asset quality. The focus on new product offerings and digital initiatives will be the key drivers of growth in upcoming years.
HDFC Bank has been growing its loan book at a compound annual growth rate of ~20% over FY18-22, gaining market share across all the segments.
The market share for HDFC Bank as of March 31, 2022, stood at 11.6%, a consistent increase over the past few years. The bank sees strong growth opportunities in retail loans owing to new product offerings.
The commercial and rural banking segment is expected to grow ~25-30%, led by geographical expansion. In the next three years, the bank plans to more than double its retail deposit liability portfolio. Furthermore, 60% of bank branches are at an inflection point, that will boost deposit growth.
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