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The RBI on March 27 issued certain clarifications on its earlier guidelines on investments by lenders AIFs, which have further investments in borrower companies linked to the lenders.
The two sides are seeking to reach an agreement in about a month, the people said, asking not to be identified discussing private information. MUFG has been working on the purchase of a 20% stake in HDB Financial Services, Bloomberg News reported on April 12.
811 is the digital banking arm of Kotak Mahindra Bank. The private sector lender is also looking at launching a mobile application specifically for digital payments services. The move comes amid intense competition in the digital banking space.
Japan s Mitsubishi UFJ Financial Group is considering sweetening its $1.7 billion offer for a minority stake in Indian lender HDFC Bank s non-banking unit, Bloomberg News reported on Monday. .