HDFC Bank is aiming to treble its lending to electric vehicle (EV) purchases in three years after an early test lending is turning out to be profitable and asset quality remains strong despite some hiccups at the automobile industry level.
After initially testing the waters with lending for 589 EV purchases and a book size of ₹5,100 crore, the bank aims to triple the book size by 2025.
Source:
Economic Times
