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Housing Development Finance Corporation Limited (HDFC.BO)

BSE - BSE Real-time price. Currency in INR
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2,729.950.00 (0.00%)
At close: 03:58PM IST
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  • Reuters

    RBI relaxes restrictions on HDFC Credila regarding addition of new customers

    BENGALURU (Reuters) -Housing Development Finance Corporation (HDFC) on Tuesday said the Reserve Bank of India has relaxed restrictions on its education finance arm, HDFC Credila, related to the addition of new customers. The restrictions were eased after the company met RBI's condition that the application for change in the shareholding of HDFC Credila as a non-banking finance company be made to the central bank before July 31, 2023, according to the filing. Also as a directive for the HDFC and HDFC Bank merger, the RBI had asked the company to cut its stake in the education finance unit to 10% over the next two years, and stop onboarding new customers.

  • Reuters

    Baring EQT, ChrysCapital acquire HDFC's education loan arm for $1.1 billion

    BPEA EQT and ChrysCapital will buy a 90% stake in Housing Development Finance Corporation's education finance arm HDFC Credila for 90.60 billion rupees ($1.11 billion), marking India's largest-ever private equity (PE) buyout in the financial services sector. The deal will also help the mortgage lender adhere to the mandated regulatory requirements before its $40 billion merger with HDFC Bank proposed to be completed next month.