HDFC Bank’s eye on selling loans of Rs 1,028 crore – HDFC Banks Eye on Selling Loans of Rs 1028 Crore

HDFC Bank, the country’s largest private sector lender, has kept two stranded loan portfolio worth Rs 1,028 crore for sale through Swiss Challenge auction. The bank has invited counter -bids from institutions interested in buying assets.

In the auction notice, the bank has said that it has kept a non -executed retail portfolio for sale, including a morgue of Rs 478 crore and housing loans, commercial vehicle loans and agricultural loans. For this, per bids have been invited through Swiss Challenge auction and 100 percent advance cash basis.

In this loan of Rs 478 crore, Rs 329 crore is related to Rs 1,973 morgue and housing loan accounts, Rs 77 crore 3,232 commercial vehicle loan accounts and Rs 72 crore Rs 2,074 agricultural loan accounts. The bank has kept Rs 550 crore for non -performing loans sale, including SME loan. The bank has also invited bids from institutions through Swiss Challenge auction and on 100 percent advance cash basis.

In the end of December 2024, the bank’s gross non -executed assets (NPAs) have a ratio of 1.4 percent and pure NPA 0.5 percent. The GNPA ratio in retail segment stood at 0.8 percent, while NPA in commercial and rural banking (CRB) segment was 2 percent.

First Published – March 13, 2025 | 9:58 PM IST