HDFC Bank has sold a housing loan portfolio worth 60 billion rupees and car loans worth 90.6 billion rupees to various state-controlled banks and asset management companies. This move aims to reduce its retail loan portfolio amid regulatory pressures to improve credit-deposit ratios, which have worsened due to rapid credit growth and its merger with Housing Development Finance Corp.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.