HDFC Bank shares in focus as it puts Rs 12,000 crore car loans for sale
Mon, Nov 25, 2024 9:14 AM

HDFC Bank shares in focus as it puts Rs 12,000 crore car loans for sale

A Flip by Avya Verma
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HDFC Bank shares will be in focus on Monday as the bank finalizes the sale of a Rs 12,372 crore car loan portfolio, marking its second such transaction in two months. This move aims to reduce the bank's high credit-deposit (CD) ratio. India Ratings & Research, a Fitch affiliate, has assigned AAA rating to India Universal Trust AL2 under which the loans have been securitised.

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