HDFC to sell large stressed accounts before merger
4 large stressed accounts to be sold before HDFC-HDFC Bank merger
Find out why
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
Subhash Chandra-promoted Siti Networks
Assets Care and Reconstruction Enterprise
Hotel Horizon and more...
Gross loan book: Rs 5.68 lakh crores
Corporate loans: Rs 1.30 lakh crores
Gross NPA: Rs 10,742 crores
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