HDFC Bank received RBI approval to sell 90% stake in HDFC Credila, boosting Q4 income. The sale was approved by RBI and CCI. Details of credit rating report, stake divestment, and fresh equity infusion were mentioned. Availability of balance amount not specified. On July 1, last year, HDFC Ltd, the parent housing finance company, was amalgamated with HDFC Bank. Thus, the entire investment was transferred from the parent to the bank.
Related Keywords
, Business News , Breaking Newsbudget , Latest News Updates , Economic Times , Economic Times News App , Daily Market Updates , Live Business , Hdfc Bank , Rbi , Hdfc Credila , Chryscapital , Bpea Eqt , Stake Sale , Private Lender , Income , Loan , Equity ,
comparemela.com © 2020. All Rights Reserved.