26/2/2024, 11:53:03 am

HDFC Bank gets RBI nod to sell 90% in education loan company

HDFC Bank received approval from the Reserve Bank of India (RBI) to sell its 90% stake in the education loan company HDFC Credila Financial Services Ltd- a move that will boost private lender’s income in the fourth quarter. HDFC, the erstwhile term lending institution, had executed a definitive agreement to divest 90% of its stake in HDFC Credila subject to approval from the regulator.