New Delhi, Jun 28 (PTI) Reserve Bank of india has relaxed the restriction on the onboarding of new customers by HDFC Credila, according to HDFC Bank.
In a regulator filing on Tuesday, the RBI vide its letter dated April 20, 2023, had provided certain forbearance/clarifications.
RBI had permitted the transfer, in terms of the scheme, of shareholding of HDFC Limited in HDFC Credila Financial Services Limited (HDFC Credila) and had advised that shareholding in HDFC Credila be brought down to 10 per cent within two years from the effective date of the scheme, as per the filing.
Source :- https://www.ptinews.com/news/business/597432.html
