DBS Bank s IFSC banking unit in Gujarat International Finance Tec-City (GIFT City) said in a statement that it led the syndicated loan. The funds will be used for growing the retail education loan franchise, it said.
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.
HDFC Bank received approval from markets regulator Reserve Bank of India (RBI) to offload 90 percent of HDFC Credila’s total issued and paid-up share capital.
In March 2019, Warburg Pincus entered into definitive agreements to acquire an 80 percent equity stake in Avanse Financial Services held by Wadhavan Global Capital group