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Nirmal Bang Report
Housing Development Finance Corporation Ltd. has witnessed strong traction in loan growth post the first lockdown. Driven by better affordability, return to normalcy and change in housing requirements post Covid-19, individual book growth continues to be strong for HDFC.
October 2021 recorded the second-highest disbursements in the company's history. Individual segment growth is expected to remain strong going forward on the back of favorable demand trends.
While last year (in Q2 FY21), non-individual growth was driven by short-term corporate loans, in Q2 FY22, it was subdued (partly due to pre-payments on accounts of real estate investment trusts issuance in Q1 FY22).
However, incrementally, trends are looking positive for the non-individual segment too, led by recovery in lease rental discounting.
HDFC expects to close the book with a positive growth in FY22.
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