HDFC Bank has received approval from markets regulator Reserve Bank of India (RBI) to sell 90% stake in HDFC Credila.

Banking & Finance

HDFC Bank has received approval from markets regulator Reserve Bank of India (RBI) to sell 90% stake in HDFC Credila. HDFC Bank will retain a 9.99% stake in HDFC Credila, which provides education loans to students pursuing higher education in India and overseas. The sale of HDFC Credila comes about eight months after the completion of HDFC's merger with HDFC Bank.


      In April 2023, the central bank had asked HDFC to reduce its stake in Credila to under 10% over the next two years.

      HDFC Bank will retain a 9.99% stake in HDFC Credila, which provides education loans to students pursuing higher education in India and overseas.

     

 

     


HDFC Bank

CEO- Sashidhar Jagdishan
Founded- August 1994
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