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

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

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