The Reserve Bank of India (RBI) has rejected a request from HDFC Bank to allow it to classify securities worth over ₹1 lakh crore issued by the erstwhile HDFC Ltd as infrastructure bonds, according to a report by Economic Times. The infra classification would have granted regulatory relaxations to the country’s largest private sector bank.
The stocks of HDFC Bank were trading in green at ₹1444.35, up 0.93 per cent on March 21, at 9:54 am on BSE. The bank’s stocks are around 17 per cent, down…
Read More…