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- March 3, 2021
[ad_1] MUMBAI: The Reserve Bank of India (RBI) has tightened norms for non-banking finance companies (NBFCs), barring them from lending to businesses that their senior executives and directors are interested in. It has also forced NBFCs to disclose exposure to all sensitive sectors, including real estate, loans against shares and securitised mortgages. The new restrictions
READ MORE[ad_1] MUMBAI: In the biggest merger in Indian corporate history, the boards of HDFC and HDFC Bank on Monday cleared a $40 billion amalgamation of the parent housing finance company with its banking arm. HDFC chairman Deepak Parekh said shareholders of HDFC will get 42 shares of HDFC Bank for every 25 shares held. HDFC’s
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