Hdfc - Ahead of the Field ; the Housing Finance Market Is Slowing Down, but Not If You Asked Hdfc, Which Is Clocking Growth Rates of 25-30 Per Cent and Even Expanding Its Market Share. The Inside Story of How It has Kept Running While Others Around It Are Stumbling.

Summary

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As we are ushered into the office of HDFC Vice Chairman and Managing Director Keki Mistry at the appointed hour, we are informed that he is running a temperature. But that has clearly not affected his adrenalin levels.

As we start discussing HDFC's performance, he immediately warms up to the conversation. Full of beans, he brushes aside talk of any slowdown in the mortgage market. We have not been impacted and our growth rates have not been affected at all, he says, pointing to the third quarter results to buttress his claim.

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Hdfc - Ahead of the Field ; the Housing Finance Market Is Slowing Down, but Not If You Asked Hdfc, Which Is Clocking Growth Rates of 25-30 Per Cent and Even Expanding Its Market Share. The Inside Story of How It has Kept Running While Others Around It Are Stumbling.

During this period, HDFC excelled on most parameters, delivering strong top line and bottom line growth. Its loan portfolio expanded 27 per cent over the previous corresponding quarter, it gained market share and spreads expanded 12 bps to 2.3 per cent. Significantly, its disbursements grew 30 per cent and net interest income was up 62 per cent.

Cut to ICICI Bank's head office in Mumbai's Bandra Kurla complex, where the mood is distinctl...

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