India's HDFC Bank has decided against the $2 billion sale of a 20% stake in its non-banking subsidiary, HDB Financial Services, to Japan's MUFG. Instead, HDBC aims for HDB to be listed to comply with RBI regulations. The decision has disappointed Japanese officials who had shown strong support for the deal.
from Banking/Finance-Industry-Economic Times https://ift.tt/xGHCJfA
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