November 25, 2024 22:05 (IST)
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RBI imposes Rs 10 cr penalty on HDFC Bank

RBI imposes Rs 10 cr penalty on HDFC Bank

Mumbai/IBNS: The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 crore on HDFC Bank after finding deficiencies in regulatory compliance by the bank's auto loan department

Cabinet approves raising of additional share capital of HDFC Bankup to a maximum of Rs. 24,000 crore

Cabinet approves raising of additional share capital of HDFC Bankup to a maximum of Rs. 24,000 crore

New Delhi, June 13 (IBNS): Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for grant of permission to HDFC Bank Ltd. to raise additional share capital of up to a maximum of Rs. 24,000 crore, including premium, over and above the previous approved limit of Rs. 10,000 crore, such that the composite foreign shareholding in the Bank shall not exceed 74% of the enhanced paid-up equity share capital of the bank.