HDFC Bank plans to finalize a 90+ billion rupee loan sale by September, its largest ever.

HDFC Bank, India's largest private lender, plans to finalize a loan sale exceeding 90 billion rupees ($1.08 billion) by September's end, its largest ever. This move follows its July 2023 merger with Housing Development Finance Corp, which increased mortgage loans but pressured deposit levels. The bank is also issuing pass-through certificates backed by car loans, rated AAA(SO) by India Ratings, to enhance its financial stability and manage loan growth.

September 18, 2024
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