HDFC Bank, India’s largest private lender, is likely to sell loan assets worth Rs 60,000 crore to Rs 70,000 crore, NDTV Profit reported on September 24.
The move will help the bank in improving credit-deposit ration and ease pressure on liquidity, the report said. As part of the process, the lender will sell mortgage and car loans, the channel reported.
Moneycontrol could not independently verify the report.
On September 19, Reuters had reported that the lender is hoping to complete a planned sale of loans worth more than Rs 9,000 crore ($1.08 billion) – its largest to date – by the end of September.
HDFC Bank merged with parent Housing Development Finance Corp in July 2023, adding a large pool of mortgage loans to its portfolio but a much smaller amount of deposits. This has put it under pressure to increase the pace at which it raises deposits or to slow loan growth.
Earlier, Bloomberg, too, reported that the HDFC was in talks with several global banks to offload its loan assets worth over Rs 8,400 crore. It said the discussions were on with banks including Barclays Plc, Citigroup Inc and JPMorgan Chase & Co. ICICI Bank Ltd is also involved in the talks, the report said.
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