The private sector lender is planning to unlock value by listing its NBFC subsidiary, HDB Financial Services.
The initial public offering (IPO) would raise ₹12,500 crore (including an offer for sale of ₹10,000 crore) in line with regulatory requirements. Currently, the bank holds a 94.64 per cent stake, and a valuation of ₹67,000-70,000 crore is possible on listing.
HDFC Bank also plans to cut its loan-to-deposit ratio (LDR) to the pre-merger level of 85 per cent from the current 100 per cent by accelerating deposit growth. The bank expects to underperform loan growth rates for the banking sector in FY25, hit on-a-par growth in 2025-26, and outperform in 2026-27. It has reduced unsecured loan growth. Margins should recover in the long run due to a better portfolio mix and a lower share of borrowings (8-9 per cent of liabilities from the current 15-16 per cent).
Denne historien er fra December 25, 2024-utgaven av Business Standard.
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Denne historien er fra December 25, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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