-9.15 (-0.98%) HDFC Bank is reportedly increasing its term financing exposure gradually on the back of rising demand for financing from the road and power transmission sector as it seeks to diversify its balance sheet.
Currently, term loans constitute about 30 per cent of the Bank’s corporate banking book, which grew over 20 per cent to Rs 1.25 lakh crore in FY17.
The Bank reported 20.22% rise in its net profit at Rs 3893.84 crore for the quarter under review as compared to Rs 3238.91 crore for the same quarter in the previous year. Total income of the Bank increased 14.82% at Rs 22185.38 crore for Q1FY18 as compared to Rs 19322.63 crore for the corresponding quarter previous year.