RBI Approves HDFC Bank's 90% Stake Sale in HDFC Credila
HDFC Bank has secured approval from the Reserve Bank of India (RBI) for the divestment of a 90% stake in HDFC Credila, its education loan subsidiary. This decision follows RBI’s directive to HDFC to reduce its stake in Credila to below 10% within two years post the HDFC Bank merger in April 2023.
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