The Reserve Bank of India has loosened limits on the acquisition of new clients for HDFC Credila, the education finance arm of Housing Development Finance Corporation (HDFC), the company announced on Tuesday.
According to the filing, the exemption was given after the business satisfied the RBI’s requirement that an application for a change in HDFC Credila’s shareholding as a non-banking financing company be submitted to the central bank before July 31, 2023.
According to the company’s filing, the RBI had also requested that HDFC Bank reduce its ownership of HDFC Credila to 10% by March 31, 2024, at the latest.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2025, IIFL Capital Services 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, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
