iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

RBI allows HDFC or HDFC bank to raise stake in Life, ERGO over 50%

22 Apr 2023 , 08:13 AM

Amid HDFC- HDFC Ban merger, the central bank RBI has allowed either of two to have more than 50% ownership in HDFC Life and HDFC ERGO, the bank told stock exchanges in the customary filing on Friday.

SEBI has also asked the bank to comply with liquidity and reserves requirements without any exception from the date of the merger.

HDFC Bank CFO Srinivasan Vaidyanathan told investors in a conference call that, ‘Either HDFC or HDFC Bank can increase their stake above 50% before the effective date of the merger’. He added, ‘There are no guidelines whether this has to be through fresh infusion of funds or purchase of shares from the market.’

Related Tags

  • hdfc
  • HDFC Bank
  • HDFC ERGO
  • HDFC Life
  • merger
  • RBI
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.