HDFC Ltd-HDFC Bank Merger: If you have a fixed deposit with HDFC Ltd., you are bound to witness certain changes post-merger. Your FD account number with HDFC Ltd. will remain the same after the HDFC Ltd.-HDFC Bank merger. But will the merger impact your FD interest rate, premature withdrawal, pay-out, maturity instructions? ET Wealth explains.
‘Flipping’ refers to process of transferring entire ownership of Indian entity to entity incorporated abroad along with transfer of key assets such as intellectual property. Resultant structure is Indian company becoming wholly owned subsidiary of foreign company.
We wish to inform you that at the meeting of the Board of Directors of the Corporation held today i.e., May 7, 2021, the Board approved the audited financial results of the Corporation (both standalone and consolidated) for the year ended March 31, 2021, in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). We would like to state that the statutory auditors of the Corporation have issued audit reports with unmodified opinion on the financial statements. A copy of the said results along with the Reports issued by the Statutory Auditors of the Corporation with unmodified opinion are enclosed herewith as Annexure A. The same are being uploaded on the website of the Corporation i.e.
Read more about RBI issues directions for HFCs to maintain liquidity, asset classification on Business Standard. RBI came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for housing finance companies.