HDFC Bank has decided to split its retail loans division into mortgage and non-mortgage segments

major restructuring move, HDFC Bank has decided to split its retail loans division into mortgage and non-mortgage segments

Here are the key details about HDFC Bank’s splitting of its retail loans division:

1. Segmentation: The retail loans division of HDFC Bank will now be divided into two segments – mortgage and non-mortgage [[1 This division aims to streamline operations and cater to the specific needs of customers seeking different types of retail loans.
2. Leadership Structure: As part of the restructuring, HDFC Bank has appointed two group heads and two regional heads for branch banking, which will play a pivotal role in driving liability growth

. This move highlights the bank’s focus on expanding its retail loan portfolio and strengthening its presence in the retail lending market.

3. Investor Metric: Liability growth is a key investor metric for HDFC Bank, which is the largest constituent of the Nifty index By splitting the retail loans division, the bank aims to optimize its operations and enhance its performance in this important area.