The total loans of HDFC Bank in Assam have exceeded Rs. 7,000 crore.

Guwahati: HDFC Bank on Thursday said that its total growth in Assam has increased by more than 12% in the last one year and crossed the Rs 7,000 crore mark.

As on 31st December 2021, the total lender advances, including retail, corporate, MSME and microfinance sectors, to the various consumers in the Northeastern State, were total loans of Rs 7,008 crore.

The bank’s total loans increased by 12.81 per cent last year to Rs 6,212 crore as on December 31, 2020, it said in a statement.

The lender claims that it is the largest private sector bank in Assam with a total market share of 7.54% in advance. It also has a market share of 8.72% among private lenders in the preferred MSME sector.

Commenting on the development, Sandeep S. Kumar, Branch Banking Head (East), HDFC Bank, said, “We are grateful to our customers for giving us the opportunity to serve the people of Assam. Happy to be a partner in promoting activities.
The bank has reserves of Rs 9,085 crore, which adds to the total turnover of Rs 16,000 crore in the state.

The statement added that its market share in total business is 5.93%.