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HDFC Bank to infuse Rs 3 cr to acquire stake in debt resolution firm IDRCL - Jammu Kashmir Latest News | Tourism

NEW DELHI, Mar 29: HDFC Bank on Tuesday said it has inked an agreement to invest Rs 3 crore in the first tranche to acquire a stake in debt management company IDRCL. HDFC Bank has signed a pact on March 28, 2022, for investment in India Debt Resolution Company Ltd (IDRCL) by way of subscription to equity securities, the bank said in a regulatory filing. IDRCL was incorporated on September 3, 2021, to carry on the business as a debt […]

IDBI Bank to invest over Rs 272 crores in bad bank NARCL

The bank's final holding in NARCL and IDRCL will be 5 per cent and 9 per cent, respectively.

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