Mumbai, Oct. 5 -- Housing Development Finance Corporation Ltd (HDFC) on Monday said that the individual loan business has seen improvement in the second quarter, a sign that business is reverting to pre-covid levels.

In a notice to the stock exchange, HDFC said that the loan disbursements during the September quarter were at 95% of the level in the corresponding quarter of the previous year. Individual loan approvals grew by 9% year-on-year (y-o-y)and loan applications received jumped by 12% during the same quarter.

The housing finance company also said that the month of September saw the highest recovery since the outbreak of the pandemic.

This is in contrast to the June quarter when HDFC's lending operations were heavily affected wit...