With banks finding it challenging to raise deposits amid strong loan offtake, they are taking the securitisation route to improve their liquidity position. Rating agency ICRA estimates ₹45,000 crore to ₹50,000 crore worth of securitisation and direct assignment deals in the July-Sep quarter (Q2FY25).
Country's largest private lender HDFC Bank will securitise a pool of new car loans worth ₹9,062 crore through three separate deals involving Pass Through Certificates (PTCs) with maturity between two and six years as a step to generate liquidity. The deal one of the largest in recent times - will also help the lender to address the credit-deposit (CD) rate, which moved up over 100 per cent after it merged HDFC Ltd last year.
Denne historien er fra September 20, 2024-utgaven av Business Standard.
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Denne historien er fra September 20, 2024-utgaven av Business Standard.
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