Mumbai, June 03: HDFC Bank can double in size every four years, but it is not in a race to become the largest among all, says Deepak Parekh, Chairman of the private sector lender’s parent company HDFC Ltd.
“Our bank is growing very well, we are satisfied with that. We are not planning to be State Bank of India, we are not looking to grow more than we can chew, what we can handle,” he told PTI in an interview.
“Yet, we (HDFC Bank) have been growing at 25-30 per cent.”
Asked if this growth rate would continue, Parekh said that he was confident of 20-25 per cent growth in the medium term. He replied in the affirmative when asked if HDFC Bank saw itself doubling in size every four years.
–PTI