HDFC mandates A&M to sell realty loans of up to Rs 1,000 crore

HDFC reported gross NPAs of 1.23% in the third quarter of FY23. Last year in June, HDFC sold four corporate accounts to Assets Care and Reconstruction Enterprise (ACRE) for ₹270 crore against the total loan of ₹577 crore, resulting in a recovery of 47%, as reported. In October, ACRE again bought a ₹1,180-crore loan from HDFC for ₹602 crore, resulting in a 51% recovery for the mortgage lender, as reported.

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