HDFC sold individual loans worth Rs 21,066 cr to HDFC Bank in 2019

MUMBAI: India’s largest mortgage lender HDFC sold individual loans worth Rs 21,066 crore in calendar year 2019 and assigned home loans amounting toRs 4,258 crore to HDFC Bank in the December quarter. It had assigned loans worth Rs 6,959 crore to the bank in the same period last year. It also pocketed Rs 9,020 crore on equity sale of Bandhan Bank after it was allotted shares of the lender due to its merger with Gruh Finance. HDFC was allotted 9.89 per cent in Bandhan Bank against the 38 per cent stake it held in Gruh.