by AIP Online Bureau | Jun 28, 2023 | Indian News, Life, Regulation
In April, the Reserve Bank allowed HDFC Bank or HDFC to increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent before the effective date of the merger Mumbai: Mortgage financier HDFC Ltd on Tuesday picked up...
by AIP Online Bureau | Jun 28, 2023 | Banking & Bancassurance, Indian News, Regulation
There is uncertainty whether HDFC’s bonds will be classified under housing and infrastructure after the merger, and we are awaiting clarification from regulators, Arun Srinivasan, head of fixed income at ICICI Prudential Life Insurance, told Reuters. “In...
by AIP Online Bureau | Apr 22, 2023 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation
HDFC Bank or HDFC can increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent prior to the effective date of the merger Mumbai: In a mixed bag for HDFC Bank ahead of the parent HDFC’s merger with itself,...
by AIP Online Bureau | Jul 3, 2022 | Banking & Bancassurance, Indian News, Regulation
”The scheme remains subject to various statutory and regulatory approvals inter alia including approvals from the Reserve Bank of India, Competition Commission of India, the National Company Law Tribunal and the respective shareholders and creditors of the...
by AIP Online Bureau | Jan 1, 2022 | Indian News, Life
Vibha Padalkar, MD & CEO, HDFC Life HDFC Life completed the acquisition of 100% stake in Exide Life from Exide Industries through issuance of 8,70,22,222 shares at an issue price of Rs. 685 per share and a cash payout of Rs. 726 crore,aggregating to Rs. 6,687...
