Fintech companies Zeta and Mintoak are responsible for two of HDFC Bank's most popular products, PayzApp and the Vyapaar platform, he noted.
The proposed loan portfolio sales, with conditions still to be finalised, would take place through a debt product known as pass-through certificates.
HDFC Bank received a ₹1 Crore fine for failing to comply with RBI directives regarding deposit interest rates, recovery agents, and customer service practices.
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The bank is attempting to reduce its retail loan portfolio in response to increased regulatory pressure in the banking industry.
Within deposits, HDFC Bank's current account savings account (CASA) deposits increased by 6.2% year on year in April-June.
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As of the June 2024 quarter, foreign ownership in HDFC Bank stood at 54.83%, slightly below MSCI's 55.5% threshold for a weightage increase.
Retail loans surged by ₹18,600 Crore during the quarter, while commercial and rural banking loans jumped by ₹7,200 Crore.
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