HDFC to sell large stressed accounts before merger
4 large stressed accounts to be sold before HDFC-HDFC Bank merger
Find out why
Arrow
What has happened?
HDFC-HDFC Bank merger was announced in April 2022
HDFC wants to clean large default accounts
Defaulters include Siti Networks, ACRE, more
What does this mean?
Customers are not affected
The institution is cleaning up its sheets before a clean merger
Defaulter details
Subhash Chandra-promoted Siti Networks
Assets Care and Reconstruction Enterprise
MEP Infrastructure
Hotel Horizon and more...
HDFC numbers
Gross loan book: Rs 5.68 lakh crores
Corporate loans: Rs 1.30 lakh crores
Gross NPA: Rs 10,742 crores
Want to know the best private banks in India?
Read our blog to find out!
Read more