Central Bank of India to exit housing finance business; to sell JV stake for Rs 160 crore
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Central Bank of India to exit housing finance business; to sell JV stake for Rs 160 crorePTI
Last Updated: Dec 24, 2020, 08:06 PM IST
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Synopsis
CBHFL is a financing and mortgage company jointly promoted by four public sector institutions -- Central Bank of India, National Housing Bank, Specified Undertaking of Unit Trust of India (SUTTI) and Housing and Urban Development Corporation (HUDCO).
Agencies
NEW DELHI: State-owned
Central Bank of India will exit housing finance joint venture by selling its entire stake of over 64 per cent to Centrum Housing Finance for Rs 160 crore.