HDFC Bank Ltd., India’s largest private sector lender, is in discussions with global banks such as Barclays and JPMorgan to offload up to $1 billion in loans. This effort seeks to align its credit book with deposits due to a worsening credit-to-deposit ratio.
Related Posts
SpiceJet Rs 3,000-cr QIP oversubscribed; airline to get funding soon
SpiceJet’s Rs 3,000-crore qualified institutional placement has been significantly oversubscribed by investors including Tata Mutual Fund and Bandhan Bank. This demonstrates strong confidence in the […]
‘Mr Modi is fantastic…’: Prem Watsa, known as ‘Canada’s Warren Buffett’, says India can grow at 10% under PM Modi
Prem Watsa, CEO of Fairfax Financial Holdings, has expressed confidence in India’s potential to achieve double-digit economic growth under Prime Minister Narendra Modi. Praising initiatives […]
OpenAI’s tech chief Murati quits
Three top executives at Microsoft-backed OpenAI have resigned amid significant changes within the company. Chief technology officer Mira Murati and two other leaders announced their […]