mumbai, Oct. 23 -- Banks are lending to companies at a higher pace after several muted quarters, and a strong credit pipeline has raised hopes of a more robust turnaround in the second half of the fiscal. While much of the new demand is for working capital, companies in infrastructure, renewables and manufacturing are also beginning to consider capital expenditure, bankers said. At HDFC Bank, corporate and other wholesale loan book grew 6.4% annually and 4.7% sequentially in the September quarter, in contrast to the 1.7% annual growth and 1.3% sequential decline in the June quarter. Still, demand for capex loans is "very modest," chief financial officer Srinivasan Vaidyanathan said at the September quarter earnings call on 18 October. "It i...