INSUBCONTINENT EXCLUSIVE:
The lender is also in separate discussions with local asset management companies to sell as much as Rs 10,000 crore of loans, Bloomberg News
private sector lender, is in talks with several global banks to offload as much as Rs 8,400 crore ($1 billion) in loans to reduce its credit
Barclays Plc, Citigroup Inc
and JPMorgan Chase - Co., said the people, who asked not to be identified as the information is private
place through a debt instrument known as pass through certificates, the people added.
JPMorgan declined to comment
The loan sales will help HDFC improve that ratio, which has worsened in recent years as growth in credit has outpaced deposits.
The lender
is also in separate discussions with local asset management companies to sell as much as Rs 10,000 crore of loans, Bloomberg News reported
the end of March, higher than the 85 per cent to 88 per cent rate in the previous three fiscal years, according to ICRA Ltd., a unit of
grew 11 per cent annually through Aug
23, slower than loan growth of 14 per cent, according to the latest data from the Reserve Bank of India.The deposit growth has been lagging
