HDFC Bank hopes to complete a planned sale of loans worth more than Rs 90 billion ($1.08 billion) — its largest to date — by the end of September, three sources aware of the matter said on Thursday.
The sources requested anonymity as they are not authorised to speak to media.
HDFC Bank did not immediately reply to a Reuters query.
HDFC Bank merged with parent Housing Development Finance Corp in July 2023, adding a large pool of mortgage loans to the bank's 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.
The bank is in the process of issuing pass through certificates that are backed by a pool of car loans.
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