RBI relaxes restrictions on HDFC Credila regarding on-boarding of new customers
The relaxation was granted after the company met RBI's condition that the application for change in the shareholding of HDFC Credila as a non-banking finance company be made to the central bank before July 31, 2023, according to the filing. The RBI had also asked for the shareholding of HDFC Bank in HDFC Credila to be brought down to 10% on or before March 31, 2024.
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