HDFC Bank negotiates $1bn loan sale with global banks to lower credit book and align with deposits amid regulatory pressure.

HDFC Bank, India's largest private lender, is negotiating with global banks like Barclays, Citigroup, and JPMorgan to sell up to $1 billion in loans. This initiative aims to reduce its credit book and align it with deposits amid regulatory pressure to enhance credit-to-deposit ratios. Currently, HDFC Bank's ratio stands at 104%, exceeding the 85-88% range of previous years. The bank plans to use pass-through certificates for these loan sales.

September 12, 2024
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