HDFC Bank puts Rs 12,000 crore car loans for sale

HDFC Bank is finalizing a Rs 12,372 crore car loan portfolio assignment to reduce its credit-deposit ratio. This follows a similar Rs 9,062 crore securitization in September. The bank, aiming to improve its financial health, is selling asset-backed securities to institutional investors. These securities are backed by car loans with an average tenure of 17.