Monday, April 13, 2020

People's Bank of China ups stake in India's largest private bank

Intro: China's Centra Bank, The People's Bank of China is increasing its stake in India's largest private sector lender, HDFC Bank.

In a regulatory filing, the Chinese Bank revealed that its total holding in HDFC now stands at over 1%.

Ishan Garg has more from New Delhi.

IN: China's Central Bank
OUT: SOC
Duration: SOC