HDFC Bank sees credit growth at 18-20%

Private sector lender HDFC Bank said investment demand is still strong and credit growth is expected at 18-20 per cent so far.

“”For the banking system,if GDP (gross domestic product) is growing at 8.5-9 per cent,then the credit growth is seen at about two times the GDP,” Aditya Puri,HDFC Bank’s managing director,said.

The recent bribes-for-loan scam case will not impact bank’s credit growth,Puri added.