The merger is made possible by regulatory guidelines issued last year which reduced the arbitrage NBFCs have enjoyed over banks while also allowing large NBFCs to become banks.
April 5, 2022A report from Climate Risk Horizons finds that most Indian banks have not yet factored climate change into their business strategies.
March 31, 2022The restrictions were imposed in 2020 in response to multiple digital outages that impacted customers. HDFC is India’s largest private bank.
March 17, 2022The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.
June 22, 2021HDFC violated rules that prohibit banks from entering into any business unrelated to financial services.
June 3, 2021Alongside stricter KYC procedures during FPI registration, India may set a 10% beneficial ownership cap on foreign investment from China including Hong Kong.
May 27, 2020India has introduced a pre-approval requirement for all foreign investment from seven countries including China to curb "opportunistic takeovers or acquisitions" of Indian companies.
April 19, 2020Prompted by the PBOC raising its stake in HDFC to over 1%, SEBI is reportedly concerned that Indian companies may face takeover threats from Chinese investors.
April 16, 2020State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank's equity. The bank's moratorium will be lifted on Wednesday.
March 16, 2020