HDFC Bank gets RBI nod to sell 90% stake in HDFC Credila to private equity
Mon, Feb 26, 2024 9:15 AM

HDFC Bank gets RBI nod to sell 90% stake in HDFC Credila to private equity

A Flip by Riya Sharma
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HDFC Bank, a private sector lender in India, has recently received approval from the Reserve Bank of India (RBI) to sell a 90% stake in its education loan subsidiary arm, HDFC Credila, to a consortium of private equity firms. The consortium includes BPEA EQT and ChrysCapital group. The decision to divest comes eight months after HDFC's merger with HDFC Bank.

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