India's largest private lender HDFC Bank hopes to complete a planned sale of loans worth more than 90 billion rupees ($1.08 billion) - its largest to date - by the end of September, three sources aware of the matter said on Thursday.

HDFC Bank aims to complete a planned sale of loans worth more than 90 billion rupees ($1.08 billion) - its largest to date - by the end of September, three sources aware of the matter told Reuters on Thursday.

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 p

India’s largest private lender, HDFC Bank, is on the verge of finalizing its biggest loan sale to date, with plans to sell loans worth over Rs 9,000 crore ($1.08 billion) by the end of September, according to a Reuters report.

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.

Besides growing advances a little slower than deposits, HDFC Bank has zeroed-in on big-ticket loan securitisation to moderate its credit-deposit (CD) ratio.

PTCs are issued across three tranches- with series A1 having an issue size of Rs 3,500 crore and maturing in 24 months, series A2 of Rs 1,800 crore and maturing in 34 months and series A3 of Rs 3762 crore for 60 months.

HDFC Bank merged with its parent Housing Development Finance Corp, bringing a huge pool of mortgage loans to the bank's portfolio but significantly reducing deposits. This has put it under pressure to either accelerate deposit growth or reduce loan growth.