HDFC Sells $717 Million of Home Loans to Reduce Credit Book
Indian lender HDFC Bank Ltd. has sold a housing loan portfolio of about 60 billion rupees ($717 million), seeking to further lighten its credit load amid regulatory pressures on the industry.
HDFC Bank sells ₹15,060 crore loan assets amid regulatory pressures
HDFC Bank has sold a housing loan portfolio worth ₹6,000 crore and car loans valued at ₹9,060 crore. The move is part of the bank's strategy to reduce its credit load amid regulatory pressures on the industry.
HDFC Bank sells Rs 6,000 crore home loans
HDFC Bank has sold a housing loan portfolio of Rs 6,000 crore to several state-controlled banks and car loans worth Rs 9,060 crore via pass-through ce
HDFC Bank sells $717 million of home loans to reduce credit book
The buyers who subscribed to the pass-through certificates, backed by HDFC’s car loans, included ICICI Prudential AMC, Nippon Life India Asset Management Ltd
HDFC Bank plans to offload ₹70,000cr loan assets, shares surge
Mutual funds and insurance companies are anticipated to be the primary buyers of these loan assets. HDFC Bank has also revealed plans to sell over ₹9,000 crore in car loans via the PTC channel this month,
Business News LIVE Updates Today September 27, 2024: HDFC sells $717 million of home loans to reduce credit book
HDFC Bank sold a housing loan portfolio of about 60 billion rupees ($717 million), seeking to further lighten its credit load amid regulatory pressures Read more news like this on HindustanTimes.com
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