HDFC Bank Ltd., a major player in the Indian banking industry, has announced plans to sell off all of its shares in HDFC Education and Development Services Pvt. Ltd. as a calculated strategic move. This decision adds a competitive element to the transaction and promises an exciting path for stakeholders, as revealed by the fascinating Swiss challenge technique.
The RBI has designated 33 agency banks to remain operational on this significant date. The list includes 12 public sector banks like State Bank of India (SBI) and Bank of Baroda (BoB), along with 20 private sector banks such as HDFC Bank Ltd and ICICI Bank Ltd.
HDFC Bank raises $300 mn via its first ever sustainable finance bond thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Shares of Yes Bank Ltd. surged over 12% on Tuesday after HDFC Bank Group received regulatory approval to increase its stake in the private sector lender.
HDFC Bank received the green signal from the Reserve Bank of India to acquire as much as 9.5% stake in six banks including Axis Bank Ltd., Suryoday Small Finance Bank Ltd, ICICI Bank Ltd., Bandhan Bank Ltd., Yes Bank Ltd., and IndusInd Bank Ltd.