— admin @ 12:25 pm — 
November 22, 2009Unlike other banks, that are slowing down on unsecured loans, HDFC, the largest mortgage lender in India, is aggressively selling unsecured loans such as credit cards and personal loans.
During the previous year, most lenders have seen rising defaults in their personal loans and have therefore stopped selling unsecured loans aggressively but HDFC has witnessed an increase of 8-10 percent in the second quarter of the current fiscal. The lender expects a faster growth in its personal loan book in the latter half of the year.
Parlay Mondal, Country Head, Retail Assets, HDFC bank, says, “”If there is opportunity in the market, why not take it.