We can say that unlock has helped many people to control their ongoing financial crisis. As many people to come back on the track decided to apply for a personal loan, many people started repaying their previous loan, this has helped Bank to get back on track advances.
As many analytical, bankers believed that if the moratorium period was reduced it would have been easy for the situation to get normal for people, Bank, different sectors and things could have been easily brought on track.
HDFC Bank has also reported a 9 per cent rise in the personal loan approvals in the September quarters
It is also believed that Private Bank would face restructuring of 6-8%, NBFC’s and HFC’s are expected to see restructuring below 10%.
The expected credit cost is claimed to attain 4-4.5 lakh in the next two years i.e. around 200-225 bps in FY21-22E. Hence, the earnings trajectory is expected to remain moderate ahead.
The demand for restructuring the loans from huge companies from the corporate sector is expected to be gentle in advances.
The HDFC Bank has also reported a growth in advances by 16% and has also witnessed an increase in its deposits by 20%. The total of advances was 10.37lakh crores while it was 9.8lakh crores during the same period last year.
HDFC Bank reported advances growth of 16 per cent during the quarter while its deposits grew by 20 per cent. At the end of September, the bank’s total advances stood at Rs 10.37 lakh crore against Rs 8.9 lakh crore during the corresponding period last year.
The advances of Indusland Bank were also expected to rise by 2 per cent that is from 1.97 lakh crore to 2 lakh crore. It is also expected that its deposits will rise by 10 per cent that is it will rise to 2.28 lakh crore.