HDFC Bank gets RBI nod for subsidiary under HDFC Securities

Reserve Bank of India ('RBI') has, vide its letter dated May 13, 2022, conveyed its approval to the Bank for setting up a step-down subsidiary through HDFC Securities Limited (the Bank's subsidiary), for offering broking and clearing services in International Financial Services Centre (IFSC) at GIFT City, on the terms as prescribed by the RBI.

Shares of HDFC Bank Limited was last trading in BSE at Rs. 1290.95 as compared to the previous close of Rs. 1303.10. The total number of shares traded during the day was 389864 in over 32119 trades.

The stock hit an intraday high of Rs. 1317.00 and intraday low of 1287.05. The net turnover during the day was Rs. 507244543.00.

Source : Equity Bulls

Keywords

HDFCBank INE040A01034 HDFCSecurities IFSC GiftCity RBIApproval