HDFC to sell 4.2 percent stake in Gruh Finance
14th Jun 2019

Housing Development Finance Corporation (HDFC) is planning to offload 4.2 percent stake in Gruh Finance. This offloading is to comply with a requirement by the Reserve Bank of India (RBI) to facilitate the latter’s merger with Bandhan Bank.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.